Blythe Masters Refutes Claims that JP Morgan manipulates silver markets

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=gc9Me4qFZYo

This is only the second CNBC interview with Blythe Masters, head of commodities trading at JP Morgan, I have noticed. Ms. Masters' appearances on TV are somewhat rare. The last time she was on CNBC was with the late Mark Haines (RIP May 24, 2011) and Bob Pisani. There have been various claims or whistle-blowers who have come forwards to accuse JP Morgan of manipulating the price of silver. Andrew MacGuire, ex Goldman Sachs metals trader who worked at the LBMA even warned the CFTC via a famous e-mail of a silver manipulation scheme that was to unfold in real time based on tip-offs by London traders from within JP Morgan itself (article: http://www.nypost.com/p/news/business.... The famous cartoon silver bears who have appeared various times on ZeroHedge also accuse Blythe and JPM of manipulating the silver price, as does Max Keiser. As per the interview by Sharon Epperson, Ms. Masters denies any charges that JP Morgan manipulates the silver price saying that it would be wrong and that people misunderstand their activity within that market. The large positioning is merely hedges on the behalf of clients, not directional bets, Ms. Masters explains. • • Visit here for the CNBC transcript of the interview or original footage: http://www.cnbc.com/id/46808857

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