I have not been online much at all. I figure I should try and take advantage of the new patch. So here are a few things I plan on doing. I have not watched the notes that close this time so there could be some ideas I have that are way out of date.
Book of Glyph Mystery market spike. I cleaned out all the glyph mastery books and rest the prices. If I remember correctly, there are 3 new glyphs that are learned from the books. Before I call it a night tonight, I will post them extra high. The first people logging in looking for them will see my books. It is possible that I will have the market long enough to sell a few before someone with books realizes there is a market here.
Posting glyphs for a market reset. I have not posted glyphs in over a week now. So I plan on restocking and posting at fallback prices. Last 3 patches the glyph market reset on me as I tried hard to stay on top of it. This time I am going to push my threshold up and fall back to a high fallback where the market is lower. If the market demand causes a reset like I look for it to do, I will catch enough fallback sales to make it worth it. If I was going to camp the AH at any time, this would be it. Instead of camping this time, I will try this trick instead. I am also making sure I have parchment on the AH. When prices fall back, there is a surge of parchment purchases.
Reset the eternal shadow market. This one is a bit more risky. I think I remember reading about something new that uses eternal shadow. The risk here is the amount that people may have collecting dust in the bank. This is one of those items that people can collect a lot of and not find it worth it to sell them. They think they should vendor it or sell it later so it goes into the bank. Not many people will have Books of Glyph Mastery, but there can be a good deal of people with these eternals.
I’m tempted to pick up all the cheap eternal earth for the same reason as the shadow. My ah has a large volume of it on the AH so I don’t expect to reset the entire market like I would the shadows. But by stocking up on the cheap eternals I have a chance to use or flip them anyway. I may miss a big market reset here, but I feel like I should play this one safe.
I hope when the servers go back online, I will be sitting in a good position in all of these markets.
I realize I have not reported on how my gold is going it a while. The last few weeks really took me out of the game with all the stuff I had going on. Today I finally feel like I am back into it. I do need to make headway into a few markets I was in before. How about we start with a count of the gold.
133,000 in the guild fund and another 11,758 on my characters.
My expenses have been a little higher with the amount of gear I have been getting in raids. I decided to make my 2nd spec shadow and have started maintaining that gear like it was my main set. Full enchants and gems the same day I get it (or before the next raid).
My big investment just before my account hack was Tankard O’ terror. I paid 600G each for 23 of them and some how ended up with only 18 after the recovery. If I just eat that cost, it puts my price per tankard at 766G each for a total investment of 13,800g.
Herb prices have been high so I have invested a bit of gold to keep them up. When the market gets dry, I push it up harder. I know I have the inventory to hold out when I do that. My Snowfall buyer got a good deal this week, except that I was not able to produce all that much ink for him.
I just used 46 stacks of ink to craft my glyphs. So it looks like I am getting my rhythm back with the glyphs.
A quick review for the newer readers. I hit Professional Grand Master Inscription on 6-28-09. That was the point I took inscription seriously on the Auction House (I started working other markets shortly after that). That was about 10 weeks ago. The progress I made was huge. I would like to thank Greedy Goblin and Just My Two Copper Forums for showing me this market.
Today I had 95,000g in the guild vault. I tend to keep most my gold there. My main holds on to 12k gold in case I am ever in a raid and want to purchase a drop. There is about 6-7k gold combined on the other characters. They are each dedicated to different markets so have the gold to buy the stuff they usually buy in bulk.
I would love to count some of the gold I spent in my total but that would be cheating. I dropped 60k gold on the ToC crafted robe and bracers when I was told nobody could get them. I handed 20k as a gift to some friends and I sent 5k to my inactive 2nd account to keep it safe. That’s 85k gold missing from my total.
So after 10 weeks of mostly inscription and a few other markets I have 113,500g to put me at 11.35k gold a week in savings. If I was to include the splurging of gold that number would be 198,500g (19.85G weekly income). If only I would have held onto that gold, I would have hit the gold cap in the next 2 weeks (3 months total).
I know I need to move from camping the AH to just undercutting it for 2 days but I look at that income and hate to mess with something that is working so well. I would bet that I would make more gold because I would spend just as much time. The big difference is how many more markets I could work. I have some very profitable ones just collecting mats because my scribe spends all his time milling/inking/glyphing.
I was in such a rush to get stuff posted before raid time that my inscriptionist ran to the bank with the crafting bags instead of the glyph bags. I didn’t know untill I check him after the raid and I see several sells of Resiliant Parchment for 4.3G in my mailbox. I look in my bags and yep, full of ink and parchment. Not a single glyph got posted. I did just post an hour before that so all was not lost.
Did you catch what I just said. Resilaint Parchement sold for 4.3G that cost me 50 silver. I was going to work ink and parchment so I set up QA rules for it. Only 3 got posted and every one of them sold. Thats a higher profit margin then some of the glyphs I sell. I will have add that to my things to post daily.
After I posted my glyphs, I decided to check on Dream Shards to see what they were doing. They have been falling fast with the patch so I have moved out of that market for now. Someone had reset the market and listed them all for 30G each. A go-to pattern for me to make dream shards is Dark Iceborne Leggings (I talk about them here). It cost me under 10 gold each to make about 21 of them. Listed them all for 17G in various stack sizes and they all sold.
I already talked about the prospecting luck with my new JC. When I logged in today he already had some profit with several things still listed. If I see eternal earth drop down just a little, he can crank out several infinite dust. I picked up some eternal air to make meta gems with. The mats for 12 turned into 18 gems with my alchemist.
All in all it was a good night.
