The post-patch gold rush is almost over. You have maybe 1 week to bleed this market, and then it's going to dry up, 2-3 weeks post-patch is where you make the big bucks.

You can still be profitable after that, but you start looking at 10-20% profit margins instead of 100-200%.

Making money off of leveling JC'ers is a time-tested way to go btw, I think the BC era stuff can get super pricey if you're willing to mine outland for a bit.

Anyway, the real AH tycoons have been having their Christmas sales explode the past couple of weeks, and the party is almost over. Barely worth it to try to enter the market at this point IMO. The next huge step will be when 5.0 hits, and for that, you probably want to make sure your Scribe has every single possible glyph, because with all the class changes come huge glyph changes, and the possibility of selling glyphs at wholly unreasonable levels.

I've found that prospecting Elementium Ore and turning all of the common gems into Shadowspirit is the best way to go. They yield just enough gems that it makes Obsidium less desirable given the amount of rares that drop. Doubly so with a transmute spec alchemist. This even includes the prices carnelians are selling for, because most of the meta gem cuts are selling for 400g on average. Sometimes higher, but rarely lower. I've been netting 10k a day with little time investment.

It's ludicrous!

But also awesome.