my post number 6265693 was a warning !, page-7

You mention Baker Steel selling out as if that's a negative.

From memory didn't Baker Steel hold about 8% of IGR? That would have been worth about $45 million.

Has it occurred to you that Baker Steel might have been selling simply for asset reallocation because its holdings in IGR had become too big a percentage of its Gold Funds?

For example, the "Monthly Report Dec 2010 Baker Steel Gold Fund" tells us that its portfolio size was A126.5 million dollars.

http://www.selectfunds.com.au/download/reports/monthly/Baker_Steel_Gold_Fund_Monthly_Report.pdf