Blythe Masters Lays an Egg
Everyone will hear and read a lot more about Blythe Masters in the near future....
[url=http://www.flickr.com/photos/41483660@N04/7199795072/][img]
[/img][/url]
[url=http://www.flickr.com/photos/41483660@N04/7199795072/]BlytheMasters600[/url]
On April 5, 2012, JPMorganChase commodity executive Blythe Masters appeared on CNBC, and she was questioned whether the bank is manipulating metals markets?
Watch the interview here. http://video.cnbc.com/gallery/?video=3000082631
Masters’ response was,
"There's been a tremendous amount of speculation, particularly in the blogosphere, on this topic," she told CNBC. "I think the challenge is it represents a misunderstanding of the nature of our business. ... Our business is a client-driven business where we execute on behalf of clients to achieve their financial and risk-management objectives. ... We have offsetting positions. We have no stake in whether prices rise or decline."
So Blythe Masters would have us ALL believe that J.P. Morgue’s 76 Trillion derivatives position – illustrated below - is ALL CLIENT DRIVEN:
http://news.goldseek.com/GoldSeek/1334155500.php