Subject: File No. SR-Amex-2005-072
From: Erik Segelstrom
Affiliation: CEO Singlestring Fabrications Co.

January 26, 2006

Hello, persons to whom it may concern. I am of the strong opinion that the Barclays proposed Silver ETF approval would be a giant step in the interest of free markets, and the undermining, and ultimate disposal of the blatantly criminal organization the Silver Users Association. It is high time something was done by the regulatory bodies to open up a true free market in silver, which the SUA has been the centerpiece of contrary interests. The issue of market manipulation directed by this diabolical entity, is not even legitimately arguable. The evidence is beyond monumental. Any regulatory bodies, and or agencies, or any others, that continue to deny said manipulation exists, becomes supremely insulting to the collective intellect of thinking individuals, and organizations across the spectrum of American commerce. I urge anyone in position to do so, to move to approve the ETF without further delay. If, in fact the ETF is as destabilizing to the silver market as the SUA says it will be, then so be it. The destabilizing effect will in fact be the only way to fix this radically distorted market, the SUA again, being at the center of said distortion. The SUAs existence itself is in fact counter to commodity trading law, as well as a common sense of ethics, and frankly should have no say in what does or does not come to market, specifically with respect to the investment community.
Thank you for your consideration in this matter.
Sincerely and respectfully, Erik Segelstrom