SCOREBOARD: Election elevator?

Stocks and commodities shot up overnight as US voters went to the polls, despite bad news out of Europe.

Maybe it’s all the excitement of the election, can’t say I really know for sure, but equities had a case of the bids last night – commodities more so with crude up 3.1 per cent ($88.3) and gold up about $30 to $1713. It’s not like there was even any data or news to drive things. Well there was but it wasn’t good. In Europe, for instance, German factory orders fell sharply; down by 3.3 per cent in September after a 0.8 per cent fall the month prior.

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