The Silver Super Bull is Coming...

Sales Silver Maple Leaf Coins Surged in 2010, Canadian Mint Says

By Pham-Duy Nguyen - Feb 17, 2011 7:00 PM ET

About 10.3 million ounces were sold in 2009, and the mint is “on pace” to surpass that level for 2010, Alex Reeves, the agency’s communications manager, said yesterday. Last year’s sales data will be released in late March, Reeves said.

“Demand has exceeded supply, and we are trying to be fair to all our customers by putting caps on the size of the orders,” Reeves said. “We are not going to sell all of our silver to one distributor.” Reeves declined to comment on the specifics of the caps.   LINK...
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Silver is practically the only "commodity", never mind metal, that is not breaking long-term highs. In 1980 silver hit $50/oz, while gold hit $850/oz. Today gold is 63% above its 1980 high, so if we apply that number to silver, maybe silver should be about $80/oz RIGHT NOW?   BK
See our post: "Silver Gets No Respect"