Before I drop the Auric Intel Report preview later this week, here’s a snapshot of the Vulture market:
📉 Ask prices down 30% (28 May – 15 June)
📉 Bid prices down 22% (28 May – 15 June)
We’re seeing fast-moving price action and likely early signals of a doctrine shake-up or at least a signal the Horde is uninterested in the Goons. Stay sharp.
🗓 Friday: Report preview and goes live
📦 Later this month: Full Vulture doctrine breakdown
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While the war started off with a bang, it is clearly going to end on a whimper (at least not on r/eve).
While most EVE players live for blowing up ships and Keepstars, at this point, it’s actually looking like Goonswarm is mostly fighting a one-sided war and, honestly, now that I think about it makes the Horde look, well dignified and perhaps justified.
It’s one thing to glass patrolled and heavily fortified sov null, quite another to let your rental sov null change hands. After all, the Horde, probably makes good money already, that losing Insmother isn’t going to bankrupt them. While losses are always to be expected, especially in war, I would argue at some point someone did the math that losing more ships in terms of production, fitting, and skill points is going to be more expensive then losing several Keepstars and a handful of renters that probably are going to rent from the Goons or whoever ultimately ends up controlling the system.
I also think that watching the Goons glassing a clearly abandoned system with reckless disregard for self-awareness is kind of cringe at this point.
Is the war over? Honestly? It feels like Goons made their point, Horde said “No, thanks” and everyone will autopilot home tomorrow satisfied and dream up the next thing to be salty about.
At least the ISK is flowing. See you Thursday night with my Market Report.
Gird your loins, the Goons and Horde are back at it!
At least two recent battles have resulted in the Goons destroying the Horde fleet, so for this week’s free Market Report, I am going to focus on the five ship types that had 40 or more losses in the June 04, 2025 battle in N3-JBX.
Market Scope
Commodities – Ships with 40+ losses on 04 June 2025 in N3-JBX allied with Goons and Horde
The five ships are:
Ferox
Ferox Navy
Harpy
Rokh
Tempest Fleet
Vulture
Sample Market – The Forge
Timeframe – 01 May to 04 June 2025 23:30 USTZ EST
Trends
Only realized I have keeptared my way into these graphs after the fact and can’t access my computer until late.
As you can see here, the Ferox Navy is really the most interesting trend line. While the Bid/Buy market remained stable over time, the Ask/Sell market spiked causing the spread % to 30D average spread to rise dramatically.
As you can see there was a steep crash in Ferox Navy volume when the Goons dropped their Fortizar on the Horde’s Keepstar grid (24 May 2025). Given that both sides lost a total of 187 ships of this type in the 04 June battle, this was clearly the lead up to war being declared, but also in prep that massive scale battles were ahead.
Analysis
Ferox Navy is an affordable faction battlecruiser that is heavy hitting but also enough of a tank that it can survive long enough on the battlefield to do lasting damage to the other side. Therefore, it is a strong choice for industrialists to manufacture, which the volume before the incident suggests: more availability = cheaper = more likely to not be too devastated financially when things go south. Given the Horde’s alleged, at least in the past, penchant for frugality and its large loss of Rokhs in the 03 June Battle, the emphasis on cost effectiveness drives at least some of the effect on the spike in prices.
Given that the sell volume is recovering, industrialists have picked up on the market but they have to be careful of driving prices down due to market saturation.
Recommendations
Industrialists – Keep producing but don’t overstretch your capabilities and oversaturate the market, small batches of Ferox Navies will keep the money flowing and won’t cause steep declines in profit. If you aren’t already invested in Ferox Navy production, I don’t see an opening here for you.
Station Traders – If you are allied with either, you can go ahead and manipulate the market to your team’s advantage, but be warned there could be losses should the volume trends reverse and the price drops. If you don’t care and want to make them both suffer, start buying up ships in bulk and then flipping to make a nice profit.
Further Actions – Keep your eye on the Rokh hull. As of 15:15 on 05 June US EST there has no battle between the two, but with the downtime, this allows manufacturers to really make a dent in that market considering Horde’s extensive use of them, but check both ask/sell and bid/buy volumes before doing anything.
Let me know down below what your thoughts are on this latest escalation and if this post was helpful.
This is a free and weekly sample of a T1 Market Trend Report, for more info on what I can offer you, check out my Services page.
If you need more in-depth information on the hulls shown here then feel free to contact me either in game at ‘Matt Shigella’, or online @godislobster on Discord or email me at mattshigella@gmail.com and we can talk about how I can get you the info you need.