Hurry Up On That Palladium ETF, Please

Last month, the ETF Professor told you about plans by ETF Securities to list the first U.S.-listed ETF backed by palladium. The ticker will be "PALL" and we can only up that PALL comes to market sooner rather than later.

Palladium prices continue to move higher, no doubt aided by gold's meteoric rise. However, palladium prices can remain bullish on their own as the rate metal is used in the production of catalytic converters in cars as well as in dental applications and in the oil refining process. Palladium can also be found in electronics and jewelry.

An article in Barron's outlines the thesis for future strength in palladium prices. Russia, the world's largest producer of the precious metal, may be winding down its secret stockpiles and some analysts expect demand to increase next year.

So it would probably be a good idea to be on the long side of PALL when it is introduced. No word on the date yet, but the ETF Professor will keep you up-to-date on that as more news becomes available.