29.01.2010 - Palladium ETF in the US soars - but don't be fooled
From Mineweb.com: The platinum and palladium ETFs that were listed on the New York Stock Exchange on 8th January could almost be said to have taken the market by storm. A head of steam started to build up in the first week of January as the lead market maker, Susquehanna Capital, was reported to be in the market for metal; the holdings list duly shows that a short 10,000 ounces each of platinum and palladium were reported as being held in the vaults of the new funds by the launch date. Since listing on Friday 15th January the funds' holdings have shot up. The palladium fund is just 75 ounces short of 400,000 ounces, while the platinum fund holds just under 215,000 ounces.......................................Full Article: Source
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