I see this on heavily posted sites like StockTwits with so many people who registered an account within the past 3 months talking about RobinHood lmao.
Wow 20,000 points. So it is higher than the Dow? Guess that sounds like a helluva lot more than 20,000 pennies. BTW gold doesn't always go up during a crisis. Only need to look back to 9-11 for a prime example.
a point is the smaller value possible of an asset. so 1 point = 0.01 for XAUUSD you gotta compare what's comparable (1 of your "point" on EURUSD is huge, but on Gold is really small) and 9/11 mostly affected USAs, you're not alone in the world , lol
I thought points refer to dollar increments? 1 point = 1.00 for crude oil futures or 100 ticks 1 tick or 1 pip for forex should be the smaller value possible for an instrument isn't it? 1 pip = 0.01 for XAUUSD
Gold (CME or LME or even Shanghai) does not trade in a 0.01 point. Forex i.e. XAUUSD does. And what affects the USA affects the world. Whether YOU believe that or not - the market does.
So do the smelly fingered bottom pickers realize that the SPX still has only retraced about 50% of the drop so far. Myself being a day trader care less, either way the market goes is fine.
I will be market shorting with big big positions as soon as futures market opens in just more than an hour. Probability-wise, the trade is probably 50-50 or even less, but if right, the payoff is huge. Would hurt to not take the loss
Our world is based on base 10 maths. A tick or pip is the smallest increment. A point is a whole number. GC on CME trades in .1 ticks. 1700.0 to 1701.0 is 10 ticks, 1 point. CL on CME trades in .01 ticks. 20.00 to 21.00 is 100 ticks, 1 point. ES on CME trades in .25 ticks. 3000.00 to 3001.00 is 4 ticks, 1 point. YM on CME trades in 1.0 ticks 25000 to 25001 is 1 tick, 1 point. LE on CME trades in .025 ticks. 100.000 to 101.000 is 40 ticks, 1 point. 6J on CME trades in .000000000000000000000000000000000001 ticks, so there are no points in it, lol! J/K Some interest rates are fun, like ZB. ZB on CME trades in 1/32nds, a throwback to when everything was fractions of a dollar. So 190.00 to 190.31 is 32 ticks, 1 point.