Guild Wars 2

Basically I’m just curious about something.

Two days ago I sold my Orichalcum for 3 silver 99c per ore.

Yesterday, I sold it for 3 silver 68c per ore.

Today it’s down to 3 silver 11c per ore.

Is this just due to an influx in Orichalcum because people can do a run on every character they have that can complete the run? Or is it due to some nefarious tactics by someone trying to artificially lower the price?

Just curious is all

It’s probably due to a reduced demand for Orichalcum for gearing compared to supply. Supply has remained fairly steady since the most recent change to node spawn rates, but once people have their exotic sets Orichalcum is only needed if they want to try a new build, for really expensive vanity crafts, or for throwing exotics into the forge for a precursor. It’s basically a matter of what the people hunting for precursors and other vanity items are willing to pay for it.

Also bear in mind that Orichalcum can be updated from Mithril using a relatively inexpensive MF recipe, so in truth the Orichalcum supply is not entirely limited to the node spawn times.

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

The volume of sell orders has increased dramatically.

Higher supply with about the same demand = lower prices.

In the last 7 days it’s gone from:
14k average sell orders and 55k average buy orders
To:
48k average sell orders and 53k average buy orders

Thanks guys, sorry if it was a stupid question, sometimes I find it difficult to wrap my head around simple things like this :P

But you’re right, I’ll take my tinfoil hat off now and realise it’s just regular supply/demand