Comment Text:
10-005
COMMENT
CL-02133
From:
Sent:
To:
Cc:
Subject:
Attach:
fmaierl @cox.net
Thursday, April 8, 2010 2:11 AM
Metals Hearing
Ted Butler ; Jason Hommel
CFTC Public Hearing Comment Period - Silver / Gold
CFTC.jpg; CFTC - April 8, 2010.doc
Dear CFTC:
My public comments are attached along with a picture of the sign I believe hangs in your building (see
attachments).
I welcome any feedback that you wish to send to me.
Thank you for having your recent hearings. I believe there is no doubt the hearings exposed the truth about
manipulation in the silver / gold markets.
Farrell Maier
4566 Willow Brook Lane
Edmond, OK 73034
(405) 315-7190 cell
fmaierl @cox.netDear CFTC;
Thank for the opportunity to comment on the issue of position limits for precious
metals. Please establish a speculative position limit in COMEX silver of no more than
1500 contracts. Please restrict any hedging exemptions from those limits to
legitimate hedgers. Please stop the levels of concentration in COMEX silver futures
that have been experienced over the past few years on the short side of the market.
My wife and I are raising our 6 year old special needs grandson, whose name is
Bradley. Bradley has a treck in his throat, cannot talk, cannot walk, is blind, and has
other medical conditions. He has had more operations in 6 years than most adults
will have in their lifetime. He has fought hard to stay alive.
I will be 60 years old next year and I know the day is coming that Bradley will need
to go to a nursing home when we can no longer physically care for him.
We are not wealthy people, but we have invested in some silver and gold as honest
investors hoping a free market would allow silver and gold to go up enough so
Bradley can live in a decent nursing home. There are so many dirty and bad nursing
homes out there and we don't want him to have to go to one of those.
I have attached a copy of the sign that I am told is in your building. I would think it
might be hard to sleep at night if you knowing do not do what you have taken an
oath to do.
Below I have written a short story on what I think may ultimately happen after
listing to the recent testimony at your hearing. I commend you for having the
hearing and now simply ask you act upon your findings.
Bradley cannot read nor talk, but I thank you for him as your honesty and correct
actions will determine his future living standards.
Sincerely,
R. Farrell Maier
4566 Willow Brook Lane
Edmond, OK 73034
(405) 315-7190
The Silver / Gold Cakewalk
By Farrell Maier (An Honest Silver / Gold Investor)
April 8, 2010
In the 1950's I went to a grade school in Oklahoma City that 1 night a year had fun night
to raise money for the school. My favorite activity was the cakewalk as we were fairly
poor and I wanted to win a cake for my mother. I would play numerous times and
usually won a cake before I ran out of money to participate.
After listing to the recent CFTC hearings, some testimony was given that suggested that
many buyers of silver and gold were given paper certificates that indicated the physical
silver and/or gold was being safely held for them in a secure vault, but however, in manyinstances the silver / gold actually being held was a 1 to 100 ratio. If true, this would
represent possibly the larges Ponzi scheme in the world. If you are number 1 to claim
your physical silver or gold you may be successful. If you are number 2 thru 99 to claim
your physical silver or gold, then you will either be defaulted upon or forced to take
paper (fiat) money which is what you were trying to avoid in the first place.
Isn't it funny how after hearing about the 1 to 100 ratio of physical silver / gold testimony
that I immediately thought about those cakewalks at my old grade school.
I pray the possibility of a Ponzi scheme is remote, but with all the crooked business going
on these days, I'm afraid it sure might be true.
Don't get caught up in a possible Ponzi scheme, get your physical silver / gold before you
are number 2 to 99 and can't get a chair at the cakewalk.
