SideNote: Harvey Organ allerted our attention to the bond market crisis of failure-to-deliver one week ago (http://agoracom.com/ir/Silverado/forums/discussion/topics/661985-mainman-this-is-what-happens-with-a-swarm-of-greedy-shorts/messages/2076659#message); And now the current bond market crisis has exploded over night. Could be why the bullion bank crooks are shaking in their boots, worried that Gold and Silver prices will launch into orbit, once the bond market completely breaks down due to an overload of fail-to-deliver orders. Focus your attention on the March 2016 date of the Federal Reserve chart below, very ominous. Cleaning out the rats nest. GRIM

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Bloomberg Business

A shortage of benchmark 10-year Treasuries in the market for borrowing and lending U.S. government debt has made the securities expensive to obtain and spurred a surge in uncompleted trades, known as fails. Failure to deliver for all 10-year notes rose in the week ended March 2 to $32.3 billion, from $132 million the week before, the latest data from the Federal Reserve Bank of New York show. The figure is the highest since June 2013, when Treasuries tumbled after then-Fed Chairman Ben S. Bernanke signaled the central bank might slow its bond buying, an episode dubbed the “taper tantrum.”

http://www.reyesautomotivegroup.com/new.asp?news/articles/2016-03-11/failed-treasuries-trades-soar-in-echo-of-taper-tantrum-chart