Jane Street don't position with a view on the company or its future expectations. They're hedging their overall gold positioning (manipulating some might say) they'll be delta neutral on GGP itself.
RE: US retail Investor piling into the "debasement trade" CNBC2 Oct 2025 20:40
Retail is usually exit liquidity for insto's but the buying of gold at least this year has clearly been driven by sovereign purchases and they essentially have infinite money to buy with.
Brom the resident headcase. Clearly blew a fortune on this absolute dog and has to keep posting here to stave off the grim reality of what he's done. Quite tragic really.
Its arbitrage (or the threat thereof) that keeps the separate the appropriate price. Won't be perfect at these liquidity levels but wont be anything worth worrying about