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Palladium ETF rises near one-year high on supply concerns

Posted on 03 January 2013

The palladium exchange traded fund continues to see strong interest as investors try to capitalize on the largest supply deficit in over a decade. ETFS Physical Palladium Shares is up more than 10% the past three months to within shouting distance of its 52-week high from early 2012.
Last month, Johnson Matthey calculated that palladium will hit its worst deficit in 11 years. “Funds have been after palladium ever since that JM report came out,” Frank McGhee, head precious metals at Integrated Broking Services in Chicago, said in a Reuters article………………………………………..Full Article: Source


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