Subject: File No. SR-Amex-2005-072
From: Robert L Ochampaugh, Jr
Affiliation: Internet Tech Support

January 26, 2006

The IShares silver ETF is a very good idea as it allows a valuable commodity to be freely traded on the open market by those of us who do not have a 800 pound gorilla lobbyist group behind them.

A group whose sole purpous is to keep the price low so their members can have a higher profit margin with their finished products. I can see why the Silver Users Association would want to oppose the silver ETF as it takes away their unfair advantage in the silver market.

I personally plan on investing in this ETF as it allows me to invest in large ammounts of physical sliver without having to store it.