Good Effort any way Bloodshed, The idea from farming the mats is what I would do. A lot of People would sell their cooldowns on my server, if I myself looked.
It is a Difficult to control an Monolophy because you got to look at all the areas in which the item or product can be produced from...
Such as for Example. The two general ways you can obtain Titanium Ore is from Grinding the mats or Buying them off the Auction House. The two ways of grinding them as I know off would be from Alchemy: Tranmutation OR from smelting them using the Mining Skill of : Titanium Ore to produce Titanium Bars In which probally many people allready know of this method.
Their was a guy on my server wanting to obtain 400 Sarsonite Bars for 1,250g. So I grinded them and sold them to him. He was thinking he was controling a market of Titanium Bars but i didn't care he was giving me a lot of gold for little work involved. So we meet and transactions had been made and we parted are ways.
There is an Interesting Article on Just My Two Copper Blog called How a Player Fails To Control a Certain Market because they haven't looked at all the area in which the business of the item that is traded or created with in the auction house.