The crude oil (/CL) chart is in a range and that's where it's going to stay until something changes with U.S and China, says Bob Iaccino of Path Trading Partners. He talks about the rally in silver (/SI) today, but says it is also in a sideways channel. He discusses copper (/HG) and its relationship to China and a potential infrastructure plan in the U.S. He talks about the flattening of the yield curve and says the real yields (TNX) in the U.S. hit a record low. He explains the 10-year yield is lower than Japan right now.