RE:Sentiment now strong towards FinancialsAltho i guess i am reading the wrong articles...this on kitco..
"The just released U.S. producer price index for August came in hot, at up 0.7% versus expectations for a rise of 0.4%. The "core" PPI reading (that's minus food and energy) was up 0.2%, which is right in line with market expectations. Meantime, U.S. retail sales in August were up 0.6% versus market expectations for a rise of 0.1%. These numbers suggest the Federal Reserve will continue to raise interest rates to choke off inflation, but also slow economic growth. That would likely mean less demand for raw commodities, including the metals."
Leaving out the basics for living , like fuel, food and mortgage debt... doesnt really paint the proper picture.