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Jul 27, 2015

A video has gone viral that is scaring consumers into believing that the Chinese yuan will become the new reserve currency by October of 2015, this fall. Meanwhile, today, the Chinese market is down another 8.5% for the DAY. The top hedge funds are closing their long positions in China, and many say China's markets are due for the type of reversal seen in 2008. So, where are investors running for cover? You guessed it. The U.S. Treasury, where demand is back up for the 10 year treasury, sending rates back toward 2%. Nick Grovich, our guest sponsor on Mondays talks with Sinclair Noe in segments 2 and 3 on what you should be aware of in the precious metals market, especially platinum. Steve and Sinclair review markets and trends in Segment 4.