Top ETF Winners And Losers In November: Palladium Trust

Palladium shined brightest over all other ETFs in November.

ETFs Palladium Trust (PALL) soared nearly 13% during the month as workers went on strike at South African mines. The metal used in automobile catalytic converters is produced as a byproduct of platinum. South Africa accounts for 75% of global platinum mine supply.

Bloomberg reported platinum and palladium face the largest shortages in a decade because of mine strikes in South Africa and supply cuts in Russia.

Russia’s supply cut came as the U.S. dollar weakened, juicing commodities priced in dollars. Terry Sacka, chief strategist at Cornerstone Asset Metals in Palm Beach Gardens, Fla., believes palladium prices could finish the year higher, but says his outlook could change depending on the fiscal cliff negotiations.

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Past performance is not an indication of future potential values.