Resistance imposed on US Platinum and Palladium Funds
ETF Securities declared that it is is pushing for the creation of the first-ever US exchange-traded platinum and palladium funds. For full story, click here
Articles Tagged "etf"
Palladium ETF’s in all time peak of 799,366 oz
Palladium surged 10.3% in March, and by 3rd April reached $221/oz, its highest fix since September. Palladium has been boosted by glimmers of a recovery in its demand prospects. For full story, click here
ETFS filed for US Palladium ETFs
Recent filings by London-based ETF Securities indicate that U.S. investors may be able to access two precious metals via products structured in a way similar to the SPDR Gold Shares ETF. For full story, click here
Why Palladium ETFs are booming
Palladium has enjoyed a similar rally to platinum, fixing at $217/oz on 18th February, its highest since November 2008. There is a solid reason for the recovery — production is being reduced at many mining companies, and Norilsk reiterated its much-reduced output forecast for 2009. For full story, click here
Palladium ETF securities soar
Exchange Traded Funds that deal in the precious metals have been seeing an increase in business, lately. ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8 percent in the week to Feb. 6.
Palladium in limbo over auto bailout
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
Tough times for Palladium ETF’s
Palladium ETF’s, which were enjoying healthy growth in the first six months of 2008, could be in trouble due to recovery of the dollar. For more information, click here
