Closed Trade Alert: PALL +24% - The Forecast

Closed Trade Alert: PALL +24%

Closed Trade Alert: PALL +24%

Ahead of the Fed meeting today, we will elect to reduce overall risk and book a nice profit in PALL. We still forecast PALL to continue advancing, but a decent pullback may occur shortly, especially considering the culmination of palladium’s 7-day rally in another big move today. Medium and longer term investors can continue holding with confidence, but in this asset, a 24% profit is quite respectable and the present risk/reward setup favors taking it.