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Thursday, December 19, 2013
I'm going to take you through the GW2Spidy version of what happened to Silk Scraps. This will hopefully show you how to interpret diagrams from GW2Spidy as well as get on board the next speculative item before it's too late.
Think of the Blue as supply and the Red as demand. As supply dropped, you could see demand rising slightly. Just look at December 13th to 16th. As supply dropped and demand rose, the price (combination of green and orange lines) rose sharply.
If at any point you see a diagram where the blue lines sharply begin to decrease, as is the case with Dec 13th to 15th, then you can predict such an increase in price. In fact, if you were watching this market then you would have known to immediately buy like crazy those first few days, even though the price did not go up at all.
How did I know to tell everyone to start buying these? A month ago the same thing happened, though not as much, and I thought that maybe things were about to spike. Then sell orders recovered so I was technically wrong about buying silk scraps back when I first recommended them. If you stuck things out and waited for the next drop in supply then good for you!
Thick Leather Sections are next... over 8 million have been sold in the past week and now the price wall of 9 copper has finally been breached!
Hope this helped everyone! Let me know if you have questions.