"But ask yourself: BG knows this too, and possibly better than anyone else here. Yet, they sold. "
There are two thing to take in consideration here with what BG has done.
1) Their original entry price in SXY, and
2) Their original entry price in SXY when our Aussie dollar was weak, or weaker, than what it is at today. Especially when they would have to buy Aussie dollars to buy SXY shares.
So, anyone could do their own research if they wish, but, IMO, BG stood to make a double whammy with their SXY investment that proved to be too good to refuse. Imagine the profits that they would have made on that transaction alone. Staggering figures if you ask me.
Cheers
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