We start by dusting off our dog-eared Funkin’ Wagnalls dictionary:

■ mo·not·o·ny noun:
lack of variety and interest; tedious repetition and routine.
“Gold’s state of being forever stuck in the $1,200s is one of monotony.”

■ des·ti·ny noun:
an event that will necessarily happen to a particular thing in the future.
“Gold’s date of being priced beyond $2,000 is one of destiny.”

■ when adverb:
at what time.
“Better to be in before the when than wait ’til then.”

“But time is money, mmb…”

So is Gold, Squire, as well as its being a store of value, (unlike popular equities past such as Bear Stearns which slid from $159 to $2, or Enron, its skid from $90 to 60¢, or even contemporarily the 35 companies in the S&P 500 that have negative “earnings”).

Still, per our opening Gold Scoreboard, price remains well behind the currency debasement curve, by which (with a tip of the cap to the World Gold Council for confirming to us their updated Gold tonnage figure) we calculate ought have price today at 2760, rather than at 1275 per yesterday’s (Friday’s) settle.

Monotony indeed, considering that a year ago today Gold was but a buck higher at 1276. Yet since then, the S&P 500 is up 21% from 2133 to 2581. And you can forget the old saw that Gold and the S&P cannot significantly rise together: year-over-year from 23 July 2010 through 22 July 2011, the S&P rose 22.0% (from 1103 to 1345) whilst Gold simultaneously rose 35.4% (from 1189 to 1600), at which time you’ll recall our writing about Gold’s “getting ahead of itself”. ‘Course today, from “The Dept. of Duh!“, ’tis horribly behind itself.

Now we’re not quite at month-end, but let’s so treat it, given Monday and Tuesday (30 and 31 October) are but two trading days ahead of the Federal Open Market Committee’s policy statement on Wednesday (01 November); typically in anticipation of that, there’s not much early week market movement. So here we go with our 10-month (less two trading days) year-to-date standings of the BEGOS Markets, wherein we see “Cousin Coppa partyin’ like there’s no tommorra”, whilst the declining Dollar Index is en route to its worst annual loss in 10 years (-8.1% back in 2007 … a year in which Gold rose 31.3%):