Subject: File No. SR-Amex-2005-072
From: TJ Stone
Affiliation: Retired Investor

February 21, 2006

I would like to buy silver through an ETF. This would be the most practical way to buy silver because I do not have the money to buy large contracts on a commodities exchange. Nor am I comfortable that my contract would be backed up with vaulted silver.

The SUA's arguments look like they were written by my grandson. They don't seem to understand that a shortage will not occur bc we live in a free market. If silver really spiked, then the sellers would come out in force.