While selling may have been a prudent move, your reasoning is not so prudent...WTF???
"FSAGX has beaten this since inception" Really??? According to Bloomberg, FFGCX's inception date was 3/25/09...let's go to the tape, shall we??? Total Return from 3/25/09 - 1/6/10 FFGCX: 56.56% FSAGX: 33.39%
While I might understand if you "liked" another GLOBAL COMMODITY FUND "better" and chose to move your funds to such a fund, by comparing FFGCX to FSAGX, a fund that "invests at least 80% of assets in securities of companies principally engaged in gold-related activities, and in gold bullion or coins"......come again??? Of course, Fido has no problem with the deferred sales load or front end load you paid for both funds!