“In the long run, we believe that palladium will continue to benefit from exceptionally strong supply/demand, resulting in yet higher prices,” said George Gero, managing director at RBC Wealth Management. “However, in the near future, we believe that palladium is due a correction.”

Compared to NUGT, however, PAL has been besting the leveraged gold ETF through 2018 and increased the margin even further towards year’s end.

Leveraged Gold ETFs Rise as Stocks Slide

“Palladium is in the red again as traders lock in their profits,” said David Madden, market analyst at CMC Markets UK. “Despite the recent pullback, it remains it is wider upward trend, so we might see buyers enter the fold.”

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