Subject: File No. SR-Amex-2005-072
From: Hemang Dave
Affiliation: Entrepreneur and Investor

January 27, 2006

I fully support the creation of multiple Silver ETFs. Today, I have to choose issues from other countries in order to do this and would prefer to have a US based option that benefits from the US regulatory framework. I prefer to be my own central bank by holding some of my personal reserves in Gold and Silver investment vehicles.