naphtali14 wrote: Ya, one of my main questions is this: Lets say I'm trying to sell a dragon long at minimum price. I put it in and it doesn't sell. I wait one day then check it again, it still hasn't sold, but, the price has gone down around 500gp. NOW what I would like to know is if I have a BETTER chance to sell it by taking it out and re-listing it at the new minimum price or does the system have some way of keeping track of which items were listed first in which case it would be better to leave it in and keep my place in line.
---maybe I should ask Jagex to put out a little guide on how the mechanics of the Grand Exchange work..
Knowing Jagex, they'll probably tell you to "figure it out for yourself".
The Grand Exchange apparently works depending on how items are sold. If lots of items are sold at minimal price, the market price goes down. If lots of items are sold at maximum price, it goes up. That's why yew logs rose so much, is because at the time, so many of them were so cheap and difficult to obtain that everyone wanted to buy them at max price, and when it did its daily adjustment, since so many had bought the logs at a higher price, the market price rose drastically.
This is so Jagex doesn't have to focus on manually manipulating prices over and over again. Clever, but unreliable. All it takes is a clan with lots of money to buy a ton of items at higher prices to raise the altogether price and make an immense profit while the economy suffers.
Also, I find that if you buy at maximum price, then it starts by looking for a cheaper item and works its way up until you get the cheapest one possible. Whenever you sell, though, whatever you want to sell it for stays the same no matter what, so use minimal price wisely.
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