Introduction
Cataclysm hit last fall as the new world of warcraft expansion. Demand was through the roof for raw materials- herbs, ore, skins, and cloth. Prices were extremely high, and tycoons were there to milk the demand. 5 months later, and prices in the herb market are beginning to simmer to new lows.
What are Herbs?
Herbs are plants which are picked by herbalists with the proper gathering profession. These herbs are ground to be put into alchemist potions, or to be used as ink for inscriptions. The latter almost exclusively demands herbs.
History of the Market
The Herb market, up until early March, was always peaked high in demand. Prices, at the launch of Cataclysm, were at 100% (as a reference). Today, that number has decreased to 40%. The milk and honey days are over, unfortunately. Today's 100% is the 40%, and the old 100% is now 239%.
Today's Prices (after 5 months): 100%
Launch Prices: 239%
There have been some crashes of certain cata herb markets. They were either caused by someone dumping over +5000 of a particular herb on the market, or by a chinese gold farmer dumping four times the amount. For those with capital, it is a dream to buy this up and resell it.
Market Analysis
The herb market runs entirely off the Darkmoon Faire's schedule. There is no ifs, ands, butts, or coconuts about it. The herb market has a pulse to it, beginning 4 days before the DMF begins, and ending 4 days before the DMF ends, lasting, on average, for a period T of 12-15 days. The Supply cycle then kicks in, where there is an abundance of herbs, priced at market or below market. The supply cycle lasts for the same amount of time: about 12-15 days.
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