Also does not explain what the numbers actually represent... but I have since learned, following my initial reply, that the numbers represent DOLLARS-PER-TON.
Maybe they just assume everyone knows what they are talking about, but to someone seeing that chart for the first time, he would have little idea what the value is.
Well yes, of course.... but WHAT price unit is the question. Since I posted that, I have come to learn that the Y-axis numbers represent DOLLARS PER TON, not a unit of measure that comes immediately to mind unless one is an insider or trader in metals. I was merely posting the question to learn what the Y-axis represents.
No worries mate. Its good to want to know the details. Imagine ordering a ton of Nickel to your friends place for joke. I dont know why I got that image after seeing its dolalrs per ton, lol
This is a better graph: https://markets.businessinsider.com/commodities/nickel-price?op=1
Also does not explain what the numbers actually represent... but I have since learned, following my initial reply, that the numbers represent DOLLARS-PER-TON.
Maybe they just assume everyone knows what they are talking about, but to someone seeing that chart for the first time, he would have little idea what the value is.
It's fairly safe to assume it's a price unit
Well yes, of course.... but WHAT price unit is the question. Since I posted that, I have come to learn that the Y-axis numbers represent DOLLARS PER TON, not a unit of measure that comes immediately to mind unless one is an insider or trader in metals. I was merely posting the question to learn what the Y-axis represents.
No worries mate. Its good to want to know the details. Imagine ordering a ton of Nickel to your friends place for joke. I dont know why I got that image after seeing its dolalrs per ton, lol
Glad u did some critical thinks