David Chapman

Gold, the ultimate hedge; geopolitics, domestic politics, and huge debt. These are, we believe, the main drivers today. Another record high for gold prices that hit a high of $2,772, then turned down and actually had an outside day reversal. A key reversal? We can’t tell that yet. We can only wait and see if there is further follow- through to the downside. The gold stocks took it on the chin and, yes, silver also turned down after making 52-week highs, so those could be warning signs. But with geopolitical uncertainty and, even more, domestic political uncertainty with the upcoming U.S. election, that could either make gold soar further to the upside or have a nasty correction.

CFA and FRV were called to the Harvey St incident about 7.40am.

An estimated 5500 at Bendigo Cup was lower than expectations.

Discovery Centre Halloween Party Discovery Science and Technology Centre

Police arrested a 30-year-old man from Mooroopna at the scene.

Mystery player was one of six division one winners in TattsLotto.

While gold makes fresh all-time highs, silver is nowhere near its nominal highs of 1980 and 2011 near $50. The gold stocks also remain well down from their nominal highs in 2011.

Gold prices are up this year, the highest since the 1970s. Both gold and the S&P 500 have made consistent new all-time highs throughout the year.

Did you feel a tremor?