Subject: File No. SR-Amex-2005-072
From: Nicholas P DeWitt
Affiliation: Retired, Exxon Corp.

January 28, 2006

Sir:

I believe the introduction of a Silver ETF is a very good idea, allowing me to hedge my portfolio against the perennial inflation risk promoted by the various counterfitting central banks and covered up by the liars of the press.

Sincerely,

Nicholas DeWitt