The strain on JPM must be enormous as physical sales eat into their dwindling inventories.

Regards - VHF

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Silver Eagles Flying

August 6, 2009 3:20:24 AM

UBS Metals Daily - John Read

...Silver coin sales, however, are at their highest level ever in our data, which goes back to 1988@ nearly 26 million ounces of silver was sold via one-ounce Eagles over the past 12 months, more than double the strongest historical sales. Monthly sales in July remained very strong at 2.8 moz, only slightly less than the peak of 3.1 moz in March this year. Investment in coins looks set to become an important element of the demand side of silver this year.