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Platinum, Palladium Stocks Soar As ETFs Near
January 06, 2010 7:40 am
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Platinum and palladium stocks are spiking as investors anticipate the launch of platinum and palladium bullion exchange-traded funds in the coming week. Shares of platinum miner Stillwater Mining Company (NYSE: SWC) and palladium miner North American Palladium (AMEX: PAL) were up 14 percent and 8 percent respectively, midday, and trading at 52-week highs. According to Reuters, the Securities and Exchange Commission approved a rule change in late December that would allow ETF Securities to proceed with the planned launch of ETFs that hold physical platinum and palladium bullion as their sole investment. Susquehanna, a well-known specialist firm, is said to have “seeded” the funds with an initial investment. Taken together, these two factors mean the new funds could launch within the week. That has investors jockeying for position in related mining equities, betting that bullion-buying by the new ETFs will help drive up the prices of the underlying metals and support those shares. The ETFS Platinum Trust is expected to list on the NYSE Arca under the ticker symbol PPLT. The ETFS Palladium Trust is expected to list on the NYSE Arca under the ticker symbol PALL. The prospectus for PPLT is available here. The prospectus for PALL is available here.
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Short-Seller’s Guide To GLD
Gold, despite its recent rebound, has gotten clobbered over the past three months.
Looking Beyond VWO And EEM
Broad-based, cap-weighted ETFs were the way to play emerging markets over the past decade. But it’s time for investors to become more strategic and look beyond VWO and EEM.-
May 24, 2012
AdvisorShares Launches Cousteau-Linked ETF AdvisorShares rolls out green multi-asset-class ETF with charitable Cousteau tie-in. -
May 23, 2012
AdvisorShares To Roll DENT Into MATH AdvisorShares plans to roll its poor-performing ETF, DENT, into a better-performing strategy called MATH. -
May 21, 2012
Barclays To Sell Stake in BlackRock It’s final: Barclays plans to unload the stake it has held in BlackRock since BlackRock bought BGI in 2009. -
May 18, 2012
Best/Worst Daily ETF Returns: KBWI Falls 6.74% KBWI was the worst-performing ETP on Thursday, May 17, as the Dow plunges again on rumors of a bank run in Spain. -
May 17, 2012
Global REIT ETF Revolution? My colleague Devin Riley recently lamented the lack of focused global real estate ETFs. That may be about to change.
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JP Morgan & ETN Credit Risk
Paul & Ugo discuss the implications of J.P. Morgan's $2 billion loss, the European debt crisis and what it means for ETN investors.
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