Compiled 06/21/12 6:00 AM (CT) Statistics: London Gold Fix $1,600.00 -$18.75 LME Copper Stocks 252,150 tons +1,800 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Like gold, July silver has been able to hold above the prior session's low, but yet silver prices have remained within close proximity to this week's lows. In addition to residual disappointment off the US FOMC meeting, silver is also being weighed down slightly by news that Chinese silver imports last month declined on a month over month basis and they also declined versus year ago figures. It is also likely that silver is seeing some spillover over liquidation pressure from a fresh 18 month low in energy prices and also because of weak Chinese manufacturing forecasts. Just to add to the bear case, silver also saw weak data from Germany overnight and silver is also being presented with negative currency market action. In looking ahead, silver could be disappointed with a rather active schedule of US data later today as estimates for those reports generally expect softer readings. Comex Silver Stocks were 145.282 million ounces up 542,865 ounces. Silver stocks have now increased in 11 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) Stocks were weaker in China, with Hong Kong stocks falling down to a fresh multi week low overnight and the Shanghai Composite also under pressure in the wake of another round of disappointing private Chinese manufacturing readings. European equities were also weaker early this morning, with investors apparently put off by the disappointing Chinese data released overnight. While German data overnight was also discouraging that news might have been partially countervailed by a surprise pick up in May UK retail sales figures. In the end, weakness in equities around the globe suggests that the US extension of operation twist was not seen as an overly positive extension of the pattern of global central bank easing. However, strong demand at a series of EU member debt auctions overnight has served to truncate anxiety a bit. In looking ahead, the trade will see an active US scheduled report slate today with claims, Leaders and existing homes sales due out. Early estimates call for weakness in two of the scheduled US reports and an unchanged reading in the third report from the US.