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Condensed Statements of Cash Flows (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
INCREASE / (DECREASE) IN CASH FROM OPERATIONS:          
Cash proceeds received from transfer of palladium $ 0 $ 0 $ 0 $ 0  
Cash expenses paid 0 0 0 0  
Increase in cash resulting from operations 0 0 0 0  
Cash and cash equivalents at beginning of period 0 0 0 0 0
Cash and cash equivalents at end of period 0 0 0 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:          
Value of palladium received for creation of Shares 36,375,534 53,618,658 172,802,396 175,361,249 190,757,226
Value of palladium distributed for redemption of Shares - at average cost 6,148,010 61,473,981 6,148,010 [1] 176,566,990 433,431,257.0 [1]
RECONCILIATION OF NET GAIN / (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES:          
Net (loss) / gain from operations (38,732,769) 15,163,894 (39,364,511) 51,912,457  
Adjustments to reconcile net (loss) / gain to net cash provided by operating activities:          
Decrease / (increase) in palladium assets 8,366,624 8,794,854 (127,485,760) 3,094,636  
Decrease in palladium receivable 0 0 0 23,590,861  
Increase in palladium payable 11,389,069 0 11,389,069 0  
(Decrease) / increase in amounts payable to Sponsor (16,237) (48,056) 41,019 (61,885)  
Increase / (decrease) in redeemable Shares:          
Creations 36,375,534 53,618,658 172,802,404 151,770,387  
Redemptions (17,382,221) (77,529,350) (17,382,221) (230,306,456)  
Net cash provided by operating activities 0 0 0 0  
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:          
Value of palladium transferred to pay expenses $ 782,344 $ 1,212,552 $ 1,414,285 $ 2,556,584  
[1] Cost of palladium payable at June 30, 2012 - $12,289,756.