Posts for Ticker ‘PGM’

Physical Platinum & Palladium ETFs Launch (PPLT, PALL, GLD, SGOL, SIVR, SWC, PAL, PTM, PGM)

Your wait for the platinum and palladium ETF products is over.  Today marked the launch of the ETFS Physical Platinum Shares (NYSE: PPLT) and ETFS Physical Palladium Shares (NYSE: PALL).  These ETFs are similar to the SPDR Gold Shares (NYSE: GLD) in that they are backed by physical assets in plate and ingot form in a secure London Platinum Palladium Market-approved vault.

ETFS noted that the Platinum and Palladium plates and ingots are stored on behalf of each trust, and will undergo a bi-annual audit performed by an independent external bullion specialist auditor with results to be published.  Both the platinum and palladium ETFs have an expense ratio of 0.60% per year.
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Posted on: January 8, 2010 – 11:50 am in Commodities, ETF, Luxury, Metals, , , , , , , , ,

Speculators Run Platinum & Palladium Plays Ahead of ETF Launch (GLD, SGOL, PTM, PGM, SWC, PAL)

If you have ever wondered just how much exchange traded funds and exchange traded notes can run a market, you can forget about wondering how much the SPDR Gold Shares (NYSE: GLD) has helped to run gold prices higher.  Some will say it has, and some will try to dispute this notion.  While being able to speculate on any commodity and market is good, there is always a question of how much speculation by participants not tied at all to the underlying markets should be allowed.  ETF Securities is soon to launch two ETF products: one for platinum and one for palladium.  These markets are not as large as the gold market, so floods of money in and out of these could make for volatile underlying markets.

We have seen varying reports on the proposed size of these ETF products, so we are not going to cover the proposed sizes.  ETF Securities Ltd. already offers the ETFS GOLD TRUST (NYSE: SGOL) as a gold ETF rival, and plans to launch a platinum ETF and a palladium ETF.  Both are to be backed by the physical metals rather than just contracts and tracking instruments seen in other commodity-related exchange traded notes.  This has speculation rising in some of the names around these instruments.

BS E-TRACS Long Platinum Trust ETN (NYSE: PTM) has been around since mid-2008.  The problem is that it trades under 100,000 shares on more than 80% of its last 90 days.  iPath DJ AIG Platinum TR Sub-Index ETN (NYSE: PGM) has been around since late-Summer-2008 and also has thin volume, trading 100,000 or more in not even one-third of its last 90 days.  The PTM is up only 1.3% today at $19.39 and the 52-week range is $11.20 to $20.63; while the PGM is up 1.05% at $41.09 and has a 52-week trading range of $22.48 to $47.90.

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Posted on: January 6, 2010 – 2:29 pm in ADR, Commodities, ETF, Metals, Trading Alert, , , , , ,

Metals ETN/ETF Launch: Tin, Platinum, Lead, Aluminum, Precious Metals (NYX, JJT, PGM, LD, JJU, JJP)

NYSE Euronext (NYSE: NYX) today announced the launch of many new Barclays iPath®Exchange Traded Notes (ETNs) on NYSE Arca.  Here are the new ones that launched for metals trading:

  • iPath®Dow Jones-AIG Tin Total Return Sub-IndexSM ETN (NYSE Arca: JJT)
  • Path®Dow Jones-AIG Platinum ETN Total Return Sub-IndexSM (NYSE Arca: PGM)
  • iPath®Dow Jones-AIG Lead ETN Total Return Sub-IndexSM (NYSE Arca: LD)
  • iPath®Dow Jones-AIG Aluminum Total Return Sub-IndexSM ETN (NYSE Arca: JJU)
  • iPath®Dow Jones-AIG Precious Metals Total Return Sub-IndexSM ETN (NYSE Arca: JJP)

We have also seen the launch of a new carbon trading ETN and another large group of soft commodities ETNs.

Jon C. Ogg
June 25, 2006

Posted on: June 25, 2008 – 10:32 am in ETF, , , , , ,