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7-15-2009 @ 1:35PM
I am going to go on record and state the titanium ore prices will not budge too much from what they are at now (which are already back to normal prices on my server). The reason is just that everyone knows they will be in demand, everyone is/will farm them, supply is huge, demand will be high but not much higher than supply. For example, typically before 3.2 news, there would be a few stacks of ore on the AH. Now on any given day there are 10+ stacks, and gold farmers in trade selling them by the stack. We may see an upswing for the first week or two but ore prices will go back to reality after that. Cut gems on the other hand will be pretty high for a while, most of us JCs don't have a ton of daily tokens sitting around; i plan to get enough for 2-3 patterns but its going to take quite a while to get enough for all the epic patterns. Anyway who knows, but buying up Ti is a pretty bad move right now IMHO.
7-15-2009 @ 2:40PM
I don't know. Everyone knew before dual-spec came out that glyphs were going to be in high demand, so we all made stacks and stacks of glyphs to prepare. They sold out at ridiculously high prices and Trade was full of people begging anyone who could to make them specific glyphs. JCs are going to be burning through tons of ore. There are only so many people who are going to have the capital, dedication, and time to invest in ore speculation for 3.2, and I'm pretty sure demand is going to exceed supply for at least a day.
7-15-2009 @ 2:43PM
"We may see an upswing for the first week or two but ore prices will go back to reality after that. "I missed you saying this. I wanted to add that while ore prices will likely drop past the initial huge bump, they won't ever go back down to what they're at now, because there's not as much use for it now as there will be after the patch.
7-15-2009 @ 3:04PM
Respectfully, I think the market has already adjusted. My local market did increase in both price and volume when the 3.2 news first hit; at first there was a dramatic unswing in price as quantities depleted, but price quickly normalized as we had legions of miners bringing in tons of stacks into the AH and /trade. We'll see what happens, but my thinking is if you are buying ore now to resell after 3.2 you may make a profit but I'm not sure. If you plan to buy ore now to prospect, you may or may not make a profit (I am guessing a 10% or 20% profit here). If you plan to buy ore, prospect, and cut gems I can more reasonably expect at least a moderate profit. From discussions I already expect that some people have hundreds of stacks of Ti ore on hand ready for 3.2; these will flood the market with so many epic gems it will obliterate any pent-up demand within the first week. I anticipate cut gems selling for 120g and raw gems selling for 80g or so; and in fact I wouldn't be surprised to see raw gem prices go down to 50g if they are not that desirable; after all we have some blue quality gems that are selling for 5-10g, cut.As far as the blue quality gems, they are going to plunge in value intially because of the flood of goods coming onto the market, and then they will stablize to a price point probably 50-75% of their current value. The xmutes will help but you will never have enough xmuters to compensate for the flood of mostly worthless blues, just like greens are now worthless.But who can tell, wall street watchers are 99% of the time wrong about predicting market movements; this is no different.
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