Glencadam Gold

Rising star ... Glencadam Gold leads in the Newcastle Cup. Photo: Darren Pateman

CAULFIELD CUP favourite Glencadam Gold yesterday continued his amazing rise from obscurity when he sealed a spot in Saturday week's $2.5 million race after being re-handicapped two kilograms for last Saturday's win in The Metropolitan.

The Gai Waterhouse-trained import was all but unheard of when weights came out for the Caulfield Cup on September 5, and so was allocated the limit weight of 50kg. Subsequent wins in the Newcastle Cup, where he earned a 1.5kg penalty, and the group 1 Metrop have forced him up the elimination order to equal 21st with 53.5kg.

He is expected to land safely in the top 18 - which is the field limit for the Caulfield Cup - when third declarations close for the rich 2400 metre feature at noon today.

The 2kg penalty for Glencadam Gold, which has won all four races in Australia, applies also in the Melbourne Cup where he is also certain to gain a start in the final 24 as he is 27th in order for first declarations for the race, also due at noon today.

Racing Victoria handicapper Neil Jennings said the penalty allocated to Glencadam Gold was in line with those given to the previous three winners of the Metrop. ''Speed Gifted in 2009, Herculian Prince in 2010 and The Verminator last year all received two kilograms, and Glencadam Gold was most impressive on Saturday,'' Jennings said.

The last horse to take out the Metropolitan-Caulfield Cup double was another import, Tawqeet in 2006, and he too rose to 53.5kg for the Caulfield Cup.

The news was not so good for the Lloyd Williams camp as the Bart Cummings winner Tanby received just a half a kilogram penalty to 52.5kg for the Caulfield Cup, leaving him in dangerous territory at equal 34th on the elimination order.

Last year, Tanby only narrowly missed out on a Melbourne Cup start, and it could be a repeat this year unless he can attract another penalty as he is 45th in order.

''Taking a line through Maluckyday, who was beaten a length into second place in the Bart Cummings, Tanby met him with a 3.5 kilogram advantage at the weights but as there was only 1.5 kilograms between them in the cups, we really couldn't elevate his weight any more,'' Jennings said.

Fat Al, the other group 1 winner at Randwick last Saturday for the Waterhouse stable, received a 1.5kg penalty in the Melbourne Cup for his Epsom Handicap victory but he is unlikely to start, instead focusing on the Emirates Handicap.

Waterhouse's champion mare More Joyous will carry the topweight of 60kg in her bid to win her second Toorak Handicap at Caulfield on Saturday.

Sydney mare Secret Admirer will make her 2400m debut in the Caulfield Cup after running on strongly for fifth in the Epsom last Saturday.

Trainer Grahame Begg said he changed tack with the horse to take in the Caulfield Cup after last year's Epsom winner was beaten for early speed. ''She is racing as if she needs a lot more ground,'' Begg said.