Market Discussions

I can't believe that the rise and subsequent crash of minerals was all the doing of a cartel of market speculators.
Zydrine has nosedived 20% in 36 hours, and some others are not far behind.

How is it possible for a few traders to dominate mineral markets so much, for extended periods of time?

And please, I am trying to understand the mechanics.

I don't need to see "I am so smart, you are so dumb. I manipulated the market and made a trillion ISK in the past month".

It's not a cartel, more like clever people with a good knowledge of past events in eve with a large stockpile of isk, and the rest.

You see before the drone regions, Zydrine was happily sitting over 2K per unit, much like the limit we reached these past few days.
As soon as the nerf was announced those who knew the past immidietly bought up all the cheap 700 ISK zydrine out there including battleships and mods that are heavily based on zydrine.
Most of us also knew that people need the isk, they're are itching to get out and get rid of their large stockpiles of zydrine. Some were eager enough to sell to the rest of us at 1400-1500 per unit, doubling their isk. Others are cashing in right now. casuing the mineral market to take a dip(as was anticipated and predicted on various posts on MD).

My personal guess is that the resistence level is 2K, and the price failed to break that point once(this last week). Sellers will begin to panic and sell, and lose as little isk as possible.

Once this phase is over, Prices *should* continue to go up in the next few months, until they reach their innate equillibrium.

Reasons why prices went up :
1)increased aggregated demand
2)Speculations - note that these only smoothed the proccess out, The economic model of rational expectations explains this perfectly.
3)inflation.

Unlike other areas of the market, There were no manipulations here. Only fast reactions.

Hope it helps.

You're not particularly screwed - caps are very trit heavy. Trit has held up rather well of late. Total build cost has gone down compared to what you put them in the oven at but shouldn't be by so much that all your margins are taken - if it is then you likely did price them too cheap to begin with.

I'm churning out a freighter every 3 days and very much aware of your problems, but if freighters are anything like whatever caps you're building, (a) every other producer is in a similar boat and (b) margins are there to withstand a little sway in the mineral basket prices - especially if trit remains relatively stable.

dont worry zydrine will go up agian.. it cant stay at 1400 or lower.

The sun will come out tomorrow, so you gotta hang on 'til tomorrow, come what may.
Tomorrow, tomorrow, I love ya, tomorrow, you're always a day away!

There's this dude, you see. He's called The Mittani http://en.wikipedia.org/wiki/Eve_Online#Griefing_2

He did THIS: http://www.evenews24.com/2012/04/24/leak-goonswarm-federation-ceo-update-goonswarm-unbound/

The weird decline yesterday..........I really have no idea. Any speculation as to 'why' will probably take a few weeks to emerge with actual results. All we can do is watch the 'suspects'.

I don't believe that is accurate.
Sure, moving freighters in and out of Jita was death on Thurs-Sun, but I moved one in Sun night, and out Monday morning.
Plus the mineral crash happened Monday.

Further, the mins that took the biggest hit are high end mins that are not moved in such bulk.

It is not a cartel, it is just profit taking, it happen on patch day(s) just like the end of month and quarter for RL traders.

Treat this good opportunity to buy, prices will bounce back and higher still.

You might eat your own dog food, but don't expect that MD will, let me spell it out real simply for you.

Mittens had nothing to do with the recent rise or fall in mineral prices.

Any change in prices that resulted from Burn Jita was brownian noise compared to the black swan of the drone droppings nerf.

actually burn jita is exactly responsible for this. Anyone with half a brain was not buying and moving minerals in jita. This cause mineral demand over the weekend to plumit and things just were not selling. This cause people to constantly keep undercutting each other trying to sell which in turn reduced the price enough and freaked people out who had stockpiles into selling there piles. Prices will go up soon once people stop panicking. By all means keep dropping zydrine so i can buy another 20b at 1000 a unit.