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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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