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<SEC-DOCUMENT>0000930413-10-003020.txt : 20100712
<SEC-HEADER>0000930413-10-003020.hdr.sgml : 20100712
<ACCEPTANCE-DATETIME>20100524170107
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000930413-10-003020
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ETFS PALLADIUM TRUST
		CENTRAL INDEX KEY:			0001459862
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		C/O ETF SECURITIES USA LLC
		STREET 2:		555 CALIFORNIA STREET, SUITE 2900
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
		BUSINESS PHONE:		415-404-6332

	MAIL ADDRESS:	
		STREET 1:		C/O ETF SECURITIES USA LLC
		STREET 2:		555 CALIFORNIA STREET, SUITE 2900
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94104
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>ETF</small> <small>SECURITIES</small> <small>USA</small> <small>LLC</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>c/o ETF Securities Representative Office</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2 London Wall Buildings, 6th Floor</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>London, EC2M 5UU, UK</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p align="right"><font size=2>May
24, 2010</font></p>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><U><font SIZE=2>VIA EDG</font></U><font SIZE=2>AR</font></p>


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        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><font size=2>Securities and Exchange Commission</font><br> <font size=2>Washington, D.C.  20549</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=1>&nbsp;</font></p>


<table width="100%" border="0" cellpadding=0 cellspacing=0 style='margin-left:.9pt;border-collapse:collapse'>
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        <td width="3%" valign=top><b><font size="2">Re:</font></b>
                </td>
<td valign=top style="border-bottom:1px solid #000000">
  <b><font size=2>Request for Acceleration of Effectiveness of Registration Statement on Form S-1, (File No. 333-164407)</font></b></td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>Dear Ladies and Gentlemen:</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:justify;'><font size=2>Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, ETFS Palladium Trust (the &#147;Trust&#148;) hereby requests that the effective date of the above-captioned Registration Statement be accelerated so that the Registration Statement may become effective at 9:30 a.m. (EDT) on May 26, 2010, or as soon thereafter as practicable.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:justify;'><font size=2>In requesting such acceleration, the Trust acknowledges that (i) should the Commission or the staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement, (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Trust from its full responsibility for the adequacy or accuracy of the disclosure in the Registration Statement, and (iii) the Trust may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</font></p>

<div style="margin-left:50%">
<p style=' margin-bottom:24pt; margin-top:12pt; text-align:left;'><font size=2>Very truly yours,<br>
<br>
<U>/s/ Graham Tuckwell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><br>
Graham Tuckwell<br>
President &amp; Chief Executive Officer<br>
ETF Securities USA LLC</font></p>
</div>
<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3in; text-indent:0.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>cc (w/enclosures):</font></p> </td>
        <td nowrap valign=top >
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ms. Tracey McNeil<br>
Mr.
    Roger Schwall<br>
Ms.
    Sandra Eisen<br>
Ms.
    Kathleen H. Moriarty<br>
Mr.
Peter J. Shea</font></p></td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in; text-indent:0.5in;text-align:left;'>&nbsp;</p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<hr noshade size=3>


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