Tuesday, November 9, 2010

"Don't Panic" - Blythe Masters, JPMorgan head of commodities

"Don't Panic. No one's going to get screwed." declared Blythe Masters, JPMorgan Chase's head of commodities.

Given JPMorgan is allegedly the biggest short in the LMBA and COMEX silver markets--while silver prices are soaring, she has every reason to panic. Oh, and add in the mounting lawsuits against JPMorgan for manipulation of silver prices, and Blythe herself may be out of a job soon. Perhaps she can hang on until the end of the year to ensure collection of her million-dollar bonuses.


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