Elder Wood - Speculation or Scarcity

Elder Wood - Speculation or Scarcity

in Black Lion Trading Co

Posted by: NoOneShotU.3479

NoOneShotU.3479

http://www.gw2spidy.com/item/19722

If this is speculation, then well played good sirs.

(Unless a 10c rise in price is attributed to some mystic forge deal I don’t know about).

I normally farm my own wood, and I understand the population surge, so seeing wood prices rise going into the weekend is one thing but a 10c increase straight up?

I’m guessing someone with deep pockets decided to take advantage of the lower respawn and “correct” the market on their own.

Elder Wood - Speculation or Scarcity

in Black Lion Trading Co

Posted by: lackofcheese.5617

lackofcheese.5617

GW2Spidy’s graphs are very misleading here. If you hover over the actual dates, you’ll see that there’s actually a 30-hour gap in time on either side of that “jump” – the actual changes were not as sudden as the graph makes them seem.

This data gap gives the appearance of a huge jump in the prices of quite a lot of other commodities – see, for example, Silk Scraps:
http://www.gw2spidy.com/item/19748

Elder Wood - Speculation or Scarcity

in Black Lion Trading Co

Posted by: Illconceived Was Na.9781

Illconceived Was Na.9781

It’s to be expected that Elder Wood would increase substantially in price:

  • The supply is more limited than for lower-tier mats, but it was cheaper.
  • It is required for crafting some highly-demanded items.

Frankly, I’m surprised it took this long and that the price is still relatively low.

John Smith: “you should kill monsters, because killing monsters is awesome.”

Elder Wood - Speculation or Scarcity

in Black Lion Trading Co

Posted by: NoOneShotU.3479

NoOneShotU.3479

I didn’t realize they had a data break. That makes more sense. I just thought a sudden spike like that could only be explained by someone dumping the 3k gold into the market and buying all the wood which seems very risky.

The supply isn’t actually more limited than Seasoned, which has been 40-50c for a while now.

Elder Wood - Speculation or Scarcity

in Black Lion Trading Co

Posted by: mokaiba.4169

mokaiba.4169

hmm

http://www.gw2spidy.com/item/19725

ancient wood is rare and is quite the opposite.

http://www.gw2spidy.com/item/19701

Orichalcum should be higher.