Thursday, July 14, 2011

4.2 Starting to Pick up Steam

Prior to 4.2 I had been stockpiling several items in hopes that 4.2 would see a spike in prices due to higher demand.  Some of these I knew would take time, while others would be quickly impacted.  Inferno Rubies are a great item for the last week as they demand has outshot supply.  Prior to 4.2 these uncut gems were selling for roughly 60g apiece.  They are now averaging 160-200g each and they seem to staying there because supplies have slowed down on my server.  This is great for several reasons.  I have a few stacks of these that I am unloading at 160g minimum and they are moving fast, plus I am cutting them into several different cuts and selling those at 190+ each which means I am seeing huge returns on my investment.  But we are also starting to see the trickledown effect to the ore…
Prior and even for the first two weeks after 4.2 hit the realms, our server saw Elementium Ore average about 30-35g per stack.  This week it has been quickly climbing and is now averaging about 60g per stack.  Obsidium Ore has done the same thing, averaging about 30g per stack up through last week and now up to 50g per stack.
So you may be thinking that now is the time to unload your stock piles right?  No so fast…this uptick is more than likely a direct result of the gem market and the need for new gems due to gear upgrades.  This demand will probably not slow down too much and I think it will actually get far higher in about 2 weeks.  That is when many people will start to unlock the new recipes from their dailies in Hyjal.  When that occurs you will have to direct impacts to the ore market, the gems for gear upgrades and they will need Elementium Ore to make Hardened Elementium Bars for the gear patterns.
So my advice would be to slide a few stacks of bars/ore into the market now, keep prospecting them for blue gems but hold onto a large amount for the real demand to hit the servers and you may see prices hit as high as 150g per stack of ore in which case you will be happy you listened!  Worst case?  They are still sitting at high demand levels and the ore is sitting around the same price as today.
Another huge stockpile has been in the volatiles market.  What has been fascinating to me here is that many people stockpiled prior to 4.2 and have been unloading them over the last two weeks when their demand has not really hit the market yet.  Silly people.  I am still buying them for very low prices, even the volatile fire even though I know they are being farmed heavily right now in Hyjal.  Why you ask?  Well, just like I mentioned about the ore prices, volatiles will start climbing in two more weeks once the patterns are unlocked and they have some hefty volatile requirements.  Add to that the fact that every tailor who has not stockpiled their Dreamcloth will suddenly need to make their weekly cool downs and it is very likely that we will see a huge push on the markets.
Bottom line here:  the amateurs are selling off cheap because they fear their gold will evaporate which means that when the real demand hits in a few weeks they will be crying a river while the Professionals will be making some serious gold!
As always, good luck and happy auctioneering!

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