Compiled 01/06/12 6:00 AM (CT) Statistics: London Gold Fix $1,621.00 +$6.50 LME Copper Stocks 368,125 tons -275 Shanghai Deliverable stocks were 105,258 tons +12,039 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While silver might garner some support from an overnight silver price forecast that called for prices to return to $32.50, a pattern of noted builds in silver exchange stocks could be poised to undermine the market. In fact, Comex Silver Stocks yesterday afternoon were placed at 121.1 million ounces for another noted rise of 2,019,191 ounces. Comex Silver Stocks are now at the highest levels since April 2nd of 2009. Silver stocks have increased in 16 of the last 20 days. However, silver hasn't paid that much attention recently to classic physical supply issues, as the trade instead seems to be more concerned with the ebb and flow of demand prospects. At times, silver has attempted to track tightly with gold and energy prices, but in general silver has been mostly faithful to a classic physical commodity market focus and that probably means it will generally track with US equities this morning. In fact, silver also seems to have strengthened its correlation with copper prices this week, but unfortunately for the silver bulls, copper prices have had a difficult week. In looking ahead, the silver bulls hope that US payrolls are strong enough today, to temporarily tamp down Euro zone debt and slowing concerns. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) Equity markets in Southeast Asia were weaker overnight but on the week they managed to post minor gains. Indian stocks were higher while European stocks this morning were showing a positive track off hopes of something positive from US payroll figures. In early action, US equity markets were simply waffling around both sides of unchanged early in the Friday US trading session. The US Dollar has started out weaker against the euro and it was also weak versus the rest of the currencies. Overnight the markets saw generally disappointing Euro zone economic readings, with a record high jobless figure potentially rekindling concerns of further Euro zone problems ahead. In looking ahead, the markets probably see the US non farm payroll report as the key event of the session today, with expectations calling for a number good enough to foster further US recovery talk. However, it is also clear that many markets are already looking ahead to European and US debt supply flows next week.