GDX sentiment very bearish according to OPTIX index, Ronnie Stoeferle notes

GDX sentiment very bearish according to OPTIX index, Ronnie Stoeferle notes
OPTIX index shows GDX bearish sentiment

Ronnie Stoeferle highlights that sentiment toward the GDX, as measured by Sentimentrader's OPTIX index, is currently very bearish.

This suggests that investor pessimism surrounding the GDX has intensified once again.

Stoeferle recently assessed that materials stocks have rallied but remain undervalued by historical standards, according to his previous analysis. Earlier, he discussed the potential of gold-backed bonds and broader themes around the future of the monetary system. These comments add context to his current observations on bearish sentiment in GDX.

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