Compiled 08/11/11 6:00 AM (CT) Statistics: London Gold Fix $1,786.00 +$32.25 LME Copper Stocks 463,150 tons -875 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While the silver market saw some attempt to rally overnight, the market hasn't been able to throw off a general pattern of lower highs since the early August peak. The silver market has been tagged this week as a weaker market relative to gold, as silver prices haven't risen in sync with the gold market. As in the gold market, the silver market seems to have discounted signs of increased silver production from a couple silver miners overnight. In other words, classic supply and demand news is generally being overshadowed by the ebb and flow of flight to quality interest. However, some traders suggest that recent weakness in silver prices has been the result of US slowing fears and therefore the scheduled data over the coming two trading sessions might be given some consideration. Comex Silver Stocks were 104.181 million ounces down 1,290,922 ounces. Stocks have increased 12 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were mixed during the overnight session, stock indices in Europe are generally stronger this morning. Early indications are that US equity markets will open with substantial gains later on today. The US Dollar is weaker against most major currencies this morning, although posting gains versus the Swiss Franc and Pound. There are reports that China may have reduced their target for public home construction next year by 20%. Turkey announced a ban on short-selling stock, joining Greece and South Korea to become the third major market to do that this week. Japanese Machinery Orders during June were up 7.7%, higher than market expectations. The final leg of the Treasury's refunding, the 30-Year Bond auction, will have results announced at 12:00 PM. Major US economic numbers to be released this morning include the June International Trade balance and Weekly Jobless Claims at 7:30 AM