In perhaps the most bearish news for paper gold & silver prices of the year, the head of JPMorgan’s Commodities division (and the face of the bank’s alleged manipulation of the gold & silver markets) Blythe Masters, has just joined the CFTC in ad advisory role for swaps regulation.
No, this is not April 1st, and yes, you read that correctly. Blythe Masters, welcome to the CFTC.
- BLYTHE MASTERS TO JOIN CFTC GLOBAL MARKETS COMMITTEE
- JPMORGAN’S BLYTHE MASTERS TO JOIN CFTC ADVISORY COMMITTEE
- CFTC SPOKESMAN COMMENTS ON BLYTHE MASTERS JOINING COMMITTEE
Perhaps Jamie Dimon will be taking a job as Obama’s Press Secretary next?
CFTC spokesman Steve Adamske states that acting Chairman Mark Wetjen (who opposed Bart Chilton’s efforts to implement position limits) invited Ms Masters to the CFTC:
“Blythe Masters, head of JPMorgan Chase & Co.’s commodities division, is joining an advisory committee of the U.S. Commodity Futures Trading Commission, said Steve Adamske, a spokesman for the regulator. Masters, 44, was invited by acting Chairman Mark Wetjen to sit on a global markets committee at the Washington-based regulator of futures and swaps, according to a person with knowledge of the matter. Masters is scheduled to participate in a CFTC meeting on Feb. 12 to discuss cross-border guidance on rules, the person said.”
We’re sure that Ms. Masters will make her first task consulting to the CFTC about the need to open up a 4th investigation into silver market manipulation.
Folks, it takes alot to stun us here at SilverDoctors.
We are simply speechless.
Take physical delivery of your precious metals, and DO NOT TRADE ON MARGIN.