Check out Episode 33 of Eviscerated Gaming Podcast!

Hey guys!  Just checking in and wanted to give everyone a quick update. I had the opportunity to be a Guest Host this week on the Eviscerated Gaming Podcast.  Lots of laughs and a good time with Cold of Cold's Gold Factory, and Res of Eviscerated.net

So what are you waiting for?  Go check it out, I know Res put in some hard work editing to make it perfect for you.  Find it right here: Eviscerated Gaming Podcast Episode 33: "The Nut Ninja"

As always feel free to catch up on past Episodes of The Auction House Junkies Podcast as well :)

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Pro Tip: Don't be afraid to reset Living Steel

Now that I'm finally digging into MoP, I wanted to post today about Living Steel.  Thanks to Mike (@MSherretz) and Cold (@SSmith0911) from the Auction House Junkies podcast for letting me in on the Living Steel trick.  Because I'm well late to the party, I won't sit here and try and explain the process for Living Steel but it's pretty simple.  Ghost Iron Ore>Ghost Iron Bars>Trillium Bars>Living Steel on CD with each transmute spec Alchemist you have. (I have four!).  With that out of the way, I want to get to the meat of the subject, the Living Steel market it's self.

Two days ago, my Living Steel Market was at a solid 700g per unit and moving as quickly as things were being listed. When I came home yesterday after the patch, my auctionator informed me the price had dropped to 500g.  My first assumption was well, Ore must have came down in price, and I almost went ahead and listed anyway.  However, I decided I'd take a look and see what was going on.  Upon review, the majority of the market was still hanging out at 688g.  However, one seller had listed three bars and dropped his price to 550g, while the other had undercut him even deeper with 4 bars at 500g.  Rather than following the downward trend, I decided I would stop it and make a profit with it.

Knowing how much demand out weighs supply right now and how fast these bars are moving, I quickly bought out all 7 bars, and relisted them, along with the 5 I had just made (Hell yea, LS Proc!).  I worried a bit at first, but two hours later, all 12 bars had sold for the 688 price that I listed them.  So on top of the profit made from just using my transmutes, I made an additional 1166g by simple moving the market back in an upward direction. 

Long story short, Living Steel has a gated supply.  There is no reason at all to lower the pricing.  This is one of those examples, that even if you list higher then the lowest item the demand will buy back into your price bracket as well.  Be smart with what you're doing, especially at this point in the expansion.  Markets are volatile, but Living Steel is a great example of being able to ride a market upward.

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Auction House Junkies 31: Bring me some Sprite

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This was an impromptu episode.  We don't have any show notes, as the real reason for the show was to test our livestreaming capabilities.  About half way through the show we figured it out.  We talk about Gold making....and stuff.

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Cold's Gold Factory Blogging Carnival: Market Comparison

It's carnival time over at Cold's Gold Factory!  I haven't been able to participate in one of these for several months, but I'm writing again and wanted to make sure I jumped back in.  Gold carnivals are great and allow readers to get the opinion of different writers writing on the same topic.

This month topic for blogger's is to compare two markets, and how they are handled differently.  For my markets, I'm choosing two that I activley participate in.  Gems and Glyphs.  Now, please be advised my markets have been a little rough over the past couple of weeks due to the expansion annoucement, so this is how I normally go about things.

Glyphs:
This is going to be a very unique perspective for you guys.  The way I do glyphs is very different from the way most people do them.  While most gold makers will post and repost their glyphs several times during the day, I post every glyph I have on a 48 hour posting schedule.  The reason I find myself doing this is because it's not a main market for me, and I find the micromangement does not usually lead to an increased income.  Moreover, I list all of my glyphs far above the lowest listed price.  This allows me to capitalize on those moments when not glyphs other than my long duration glyphs are listed.  Now, this could change with a far amount of new characters coming in MoP, but after that settle downs, I will continue to use this strategy.

Gems:
This has been my main market for a very long time.  I've written a lot about gems in the past here on Capped By Cata, so I won't rewrite everything but the way I work with gems that is the most successful is walling.  I run massive gem walls and essentially bully people out of the gem market. The way I do this is by having a deep inventory and not being afraid to undercut deeply and pay a little more posting fees.  I run my walls on a 48 hour cycle and do not cancel and repost.  So if I get undercut, I repost another wall underneath the person that undercut me.  Eventually, they figure out that I'm a bit crazy and leave my market.  It has worked for a good while now.

Hopefully this is a good example of how I look at markets differently.

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Preparation for MoP: Farming of Course

During a recent twitter conversation, I was talking about my Mage who I will be taking through the MoP content first.  This is the first time I haven’t been focusing on my warrior in an expansion.  However, with my Scroll of Res mage, I’ve fallen in love.  It’s more fun to play than any other class to me, so it’s getting first shot at the on goings in Mists.  With that in mind, I find myself pretty bored in the game.

I’ve done all the PvP gearing I can with the character, and I have no desire to raid on it at this point in the game.  I find myself logging in, posting auctions and logging off.  With that in mind, I figure if I’m going to be sporadic about my playing, I may as well do something productive.  So here is my plan.

I’m going to pad my mage with an extra 100k. All by farming.  I know what you’re thinking, what can you farm that you’re going to be able to sell?  The answer is simple.  Netherweave.  Netherweave that is going to be used to craft into netherweave bags.  Here is my plan:

Currently, on my server, bags sell for around 30g. However, given the overwhelming demand at the very beginning of Mists, I feel the price could easily raise to 50g a bag and go steady for a few weeks.  It may even spike more if the supply runs out.  50g is a conservative number, so that’s what I’m going to use for this example. My goal is to farm up 2000 stacks of Netherweave cloth.  We’re 52 days out so that means I need to average 39 stacks a day to make that 2000 stack goal.  That would mean, at the go of MoP I would have 2000 bags ready to sell.  At an average 50g per bag, that’s 100k I’d be able to snag in the first week alone.  During this time, I will also be snatching up any cheap cloth I can find on my own.  If I could manage to gather 3000+ bags, I would feel pretty well prepared.

Some of you may be questioning two things.  How am I going to store it, and how am I going to sell it all?

Storage:

Up until about a week before the release, I plan to keep the cloth in bolt form within my guild bank.  About a week to two weeks ahead of release I’ll start crafting the bags.  Anything I can’t fit in my guild tabs I will store on the Auction House.  If they sell they sell, if not I’m still ok. 

Demand:

3000 bags seems awfully overwhelming and hard to manage, but in all honesty, I don’t think I’ll have to manage it for long.  With the onset of Pandas and my recent move to high pop Arthas, it should be an easy venture to move 2000-3000 bags.  At 5 bags per player 400 people have to make pandas for me to sell out of 2000 bags.  Given close to a 100k population on my side of the server, this should be a none issue.

Think it will work?

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