There continues to be some serious selling pressure on GOM

Check GOM out, for the past couple of weeks, there has continued to be a pullback in prices on top of larger-than-average volume. Case in point - yesterday (May 13, 2005). Volume was higher than average and the GOM price dove through sizable buy orders in the 3.90 - 4.00 range.

Someone seems to be selling out. The question is... is the selling going to be over soon or continue? At each volume inflection point, GOM pulls back lower and lower.

I'd be very happy if the reverse was true... if GOM was rising on above average volume, which would mean that people were buying into the SL L$. As it is, people seem to be selling out of it.

Have no idea about GOM's stats.

Do know that markets wax and wane - and now SL is approaching the size where unknown, never before seen market factors are beginning to take hold.

_/_/_/

I think you're just looking at it in a certain slice of time, Jamie.

I've seen it fall down to $3.87 or lower for a good while. Right now it is around $4.00 which is said to be the "optimal" "King Philip" rate.

I also saw it go up to $4.25 for a time, and that seemed an aberration but obviously it was a good time to cash out. Too many cashing out and it goes back down again LOL.

Yesterday, I saw someone put a packet of like $1660 US on there for $4.02. Quite the sum! I can imagine that someone sold an entire sim, or else they cashed out with a few sims worth of land, or maybe sold an entire business.

But as it happened, I bought $500 US worth of the other packets there for $4.02 so I could catch a good land deal and also have some reserves bought at the lower price for when it goes up again possibly.

I don't think it's going to crash overall because I think the Lindens have too much stake in it in their advertising campaigns to allow that to happen.

People buy and sell on the GOM. It goes up and down, and you have to watch it over time.

There's no "demand" for money; the land market is losing steam as the new continent has been settled and parcelled out.

It'll stay around 4.00 per $L1000 until something new comes about (read: new continent)

LF

or new kind of land like the big snow land release.

it's probably Eggy selling the L$1,000,000 he promised to drop recently.

As long as there is no sudden movements, I'm happy. The is a long line on the sell side but very weak line on the buying side. Not that I'm claming to be a Warren Buffet (tho do like his brother's tequila), but a few people with a large quantity of $L to sell can move it down faster then the equal amount of purchased $L on the buy side can move it up. Supply is high, demand is low. Seems simple. I'm mostly in US$ right now since I'm nervous of a fast drop.

Lordfly, it amazes me how you come on here and pontificate about the land market, though you don't deal in land, and don't even pay attention to it most of the time. It's uncanny! Of course, any of us are entitled to pontificate about land, but you seem to feel a special calling to do this, to make sure everyone has heard your received wisdom.



I think sales of some land are slower, but I think some other land, even at 9.5, is selling more briskly because people buy on the sims where they live, or get more discriminating in what they will buy.

Not enough first land has been put out, and that can slow the process of people buying and selling first land then tiering up to make their next purchase.

It's not even really so much the new continent as it is the private islands with their option now of renting or purchasing a long-term lease to get deeded land.

I think if the Lindens were to whack out a new continent now, when they haven't sold the old one, would make the GOM fall further, and really start to make the mainland old sims pointless.

But maybe that's their goal? They might like to shake loose everybody off old servers, and might like to shake loose the telehub economy in particular. I just don't know what they think, and they always surprise me.