Subject: File No. SR-Amex-2005-072
From: Michael M. Boney, Mr.
Affiliation: President of Golden Rule Refiners

January 29, 2006

The silver ETF is long overdue in my opinion. Let the market set the price for silver and give the american people the choice to own silver in a safe and easy way without high commissions or danger of theft.

The SUA has long been a suppresser of the price of silver. Until this ETF argument came up they argued that silver was plentiful. Higher silver prices will encourage mining which will increase supplies, not only of silver, but zinc and copper also.

Don't Bow to the SUA. Approve the Silver ETF.