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Palladium ETF shines while gold struggles

Posted on 23 July 2013

Exchange traded funds backed by physical gold holdings have been less bad in recent weeks. The ETFS Physical Swiss Gold Shares is a fine example. Since touching its June low on June 27, SGOL is up almost 8%. The bullion-backed ETF was also set for a higher open on Monday as gold prices climbed above $1,300 an ounce.
Palladium has been even better, which is not surprising because as gold and silver ETFs have been severely punished this year, the ETFS Physical Palladium Shares has proven sturdy with a 5.5% gain. PALL was unable to withstand the May/June plunged that plagued precious metals, but the fund’s rebound and encouraging fundamental factors could cement it as the best way for ETF investors to play precious metals for the rest of 2013………………………………………..Full Article: Source


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