After the datamined material form MMO-Champion that stated that uncommon cata gems would vendor for 75s, everything has gone down hill. A couple weeks ago, I bought 400 stacks of elementium ore under 36g. Yesterday, they were 26 stacks. In the whole auction house, at 50g per. NO ONE is farming ore anymore.
I am predicting that because of this, a few weeks after 4.1 hits rare gem prices will increased, after a majority of people empty out their stockpiles. Because no one is prospecting huge volumes of ore anymore, the market will not be as flooded. I'm hoping this is the case, because then I will begin to profit more off of my rare gems.
I am currently making around 1000g a day with gems by undercutting by 1g. I post 4 of each cut I have up at a time, and if prices are way low I post mine up at 99g99s99c. They usually sell. I always post for 12 hours because of how expensive deposits are.
A good thing about this market going into the toilet however, is that players and botters are now farming herbs. While I do not condone botting in any sense, they do allow me to buy cheap materials. I am getting cinderbloom for 20g a stack, and can craft a ton of glyphs with how much I can buy so cheaply. I did simple math to calculate that every stack of herbs yields at minimum 1 and 1/3 glyphs, meaning every 3 stacks yields a minimum of 4 glyphs. With my threshold of 30g, if I posted at my threshold every time and they sold, I would make around 60g profit for every 4 stacks of herbs. While that isn't great money, it isn't bad if I can consistently get sales. It would also drive some of my competitors out of the market, which could be a bonus as well.
I do not know what the changes in 4.1 and 4.2 will bring to my markets, but I am hoping that something turns out in my favor.
Happy Wednesday!
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