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Comment for Sunshine Act Sunshine Act Meeting: March 25, 2010

  • From: Martin Droz
    Organization(s):

    Comment No: 22098
    Date: 4/9/2010

    Comment Text:

    10-005
    COMMENT
    CL-01799
    From:
    Sent:
    To:
    Subject:
    marmarteam 1 @aol. com
    Friday, April 9, 2010 8:48 AM
    Metals Hearing
    Silver Manipulation
    Greeting;
    I have been watching the silver market for over 30 years. Intuitively I
    would say there is manipulation in the market.
    Why does a bank like JP Morgan have a huge short position in silver?
    Why is ther not a limit on Comex silver positions?
    I have a very good credit rating and I have been banking with them for
    years. I had take out a low "Life of the loan" rate a few years ago at 4.99%.
    Recently I paid them a day early on the account. Because it was a day
    early (my fault) it was not credited in the right month and I "was in default".
    They raised my rate on the loan from 4.99% to 29%.
    Perhaps if they paid more attention to their banking customers there
    would be no need to manipulate the silver market.
    The depression the country finds itself in was caused be greed,
    manipulation and secrecy.
    You now have the your moment at center stage. Will your
    voice speak of truth or in time to come will you be like
    those pathetic Citi people who claimed they didn't know
    what was going on.
    Martin Droz