Archive for August, 2012

Inscription Update

Last week I posted about my plans for returning to the glyph market. I figured now would be a good time for a quick progress update.

 

Milling

I started out with a target goal of crafting 14,600 inks to enable me to create 10 of each glyph and have some mats over for restocking. With some help from my wife, I’ve so far milled down somewhere in the region of 28k herbs and produced almost 8,000 inks, so I’ve past the half way mark in 6 days. Which puts me in a great position of achieving my goal before the ink trader stops accepting Blackfallow Ink (I’ve seen a couple of people posting that this has changed on the 5.0.4 PTR so it’s a good bet that it will happen next Tuesday).

Costs have been a little higher than I would have liked as herb prices have been creeping up (doubtless as a result of *ahem* someone buying out almost all the Whiptail on Eitrigg). This has been offset a little due to the fact that my wife has been picking anything and everything while out doing archaeology, every little helps and I’m certainly grateful for the assistance. I’m still well within a “comfortable” range of expense and anticipate coming in around 50k invested in this project.

 

Storage

My Scribe started out with 4 Packs of Endless Pockets. Earlier in the week someone was selling these for under 50g each (the mats are worth ~200g on my server) so I bought 6 more. Since I’m not planning on levelling her any time soon and since she has very little in the way of anything in her bank I’ve got plenty of “local” storage to hold crafted glyphs. This said, I’m way short of the mark for holding on to all the inks I’m producing so I’ve moved my scribe out of our guild and in to our bank guild. I’ve dedicated 3 tabs in the Guild Bank to holding inks which I’ve already filled.

 

Crafting

8,000 inks take up a lot of room. That’s 400 stacks you need to find space for! Yesterday I reached saturation point having filled the space I’d allocated in out Guild Bank and 4 32 slot bags in my scribe’s bank so I decided to start crafting glyphs, my logic being that 1 stack of 10 glyphs requires 1.5 stacks of ink. I was going to have to do the crafting sooner or later anyway, so I might as well get a shimmy on. Death Knights & Druids are done and banked ready for sale.

 

Left-overs

Milling all those herbs has left me with a large amount of Inferno Ink that I’ve needed to get rid of. At the beginning of the week, someone was selling Volatile Life really cheap (I’m talking 50s each here). I can only assume that they were dumping their stock before Mists and just wanted shot of them. Whatever the reason, I bought about 700 of them and started producing Darkmoon Card of Destruction in the hops that I could possibly recoup some of my expense. Out of about 30 cards produced I’ve sold 8 making ~2,500g. More than the mats cost, but not great. I’ve been trying to sell the remaining 20 as a job lot in trade with no success, maybe the faire in a couple of weeks will improve that, regardless I’m not going to be making more as the price of Volatile Life had gone back up over 2g each last time I looked. The rest of my Inferno Inks I’ve been selling as-is getting about 40g per stack. Pocket change compared to what I’ve been spending on this little project but I’ll take whatever I can get.

Mists Cinematic

Just unveiled at Gamescom 2012…

 

I like it, the promised conflict between Alliance & Horde is there and the Pandaren Monk just kicks ass. There’s some humour in there too, the segment around 2:30 made me chuckle.

Can’t wait for 25th September!

Taking a Punt

punt (intransitive verb)

1. Games To lay a bet against the bank, as in roulette.
2. Chiefly British Slang To gamble.
I’ve read a lot of posts recently speculating what will sell well and what people are stockpiling for Mists. To date, I’ve not really been stock piling anything much;
  • Alicite Pendants – I have maybe 20 of these, figuring that people are going to want the iLevel boost to help get their Monks & Pandas in to Cataclysm instances. My confidence isn’t that high, hence the low volume.
  • Greater Celestial Essences & Hypnotic Dust – These are more of a long-term investment. Once people stopped running LK content supplies of Greater Cosmic Essence and Infinite Dust started to dry up and the price went through the roof. I’m counting on the same thing happening again so I’m sitting on all the essences and dusts I’m producing from the Elementium Shuffle.
  • Gold – Other than the above, I’ve been keeping most of my capital liquid. My thought process here is that I want to get my foot in the door of Jewelcrafting early on in Mists and will need the finances in place to support this.

 

Inscription

Back when I was levelling my Warlock I was making (what I then considered) reasonable gold selling glyphs. I’ve been out of the market for quite some time now, probably getting on for 2 years, however I have the benefit that she knows every glyph currently available in the game.

Mists brings both a new race and a new class for people to try out and all those new characters are going to need glyphs. Add to this the fact that there are big changes to glyphs due to appear right before the expansion hits and I can foresee that now might be the time to make my re-entry to the scene.

I did a bit of research (Google) and figured that what I needed was a list of all the glyphs along with their materials. There’s a downloadable csv file on El’s Professions but it’s not 100% up to date so I set about building my own spreadsheet. What I have ended up with is an Excel workbook with each class on it’s own tab (including Monks) showing me: The name of each glyph, the type of ink it uses and the type of parchment required. I’ve then got an extra tab which counts up all the glyphs requiring each ink. Here’s some stats for those interested in such things:

  • Total glyphs: 404 (this includes new glyphs being added in Mists, it’s currently around 370 on live)
  • Unique inks used for glyphs: 9
  • Average number of glyphs per ink: ~45
  • Most commonly required ink: Ink of the Sea (127 glyphs)
  • Least commonly required ink: Blackfallow Ink (1 glyph)
My initial goal was to craft 10 of each glyph with spare mats left over. With this in mind, this was my shopping list:
Ink Used For To Craft 10 Rounded
 Midnight Ink  44  1,320  2,000
 Lion’s Ink  49  1,470  2,000
 Jadefire Ink  36  1,080  1,500
 Celestial Ink  23  690  1,000
 Shimmering Ink  21  630  1,000
 Ethereal Ink  70  2,100  2,500
 Ink of the Sea  127  3,810  4,500
 Blackfallow Ink  1  30  100

Until the Mists pre-patch you can trade Blackfallow Ink for any of the others on this list. Current market trends show that Cataclysm herbs are the best choice with Whiptail & Twilight Jasmine offering the best chance of yielding Ashen Pigment (2-4 pigments on average).

As I’m writing this post I’ve just realised that I made a rather critical error in my calculations yesterday… Here’s what I’d based my calculations on:
  • ~370 glyphs
  • 10 crafts per glyph
  • 3,700 total glyphs
  • 3 inks per glyph
  • 11,100 total inks
  • 2 pigment per ink
  • 22,200 total pigments
  • 2-4 pigments (assume an average of 3) per herb
  • 7,400 total herbs
  • 20 herbs per stack
  • 370 stacks – Rounded up to 500 stacks to be safe

See where I went wrong? It should be 2-4 pigments per milling (of 5 herbs) not per herb, so I’m quite a ways out when I get to the end. Here’s how my calculations should have ended:

  • 2-4 pigments (assume an average of 3) per milling
  • 7400 millings
  • 5 herbs per milling
  • 37,000 herbs
  • 20 herbs per stack
  • 1,850 stacks – Rounded up to 2,000 stacks to be safe

Last night I bought 10k Whiptail (500 stacks) for a combined cost of ~10k gold. To achieve my goal I now realise that I’m going to need to buy another 30k herbs (1500 stacks) resulting in my little venture costing me closer to 40k gold than the 10k I originally anticipated. Not a big deal I can absorb the extra I’m just a little annoyed with myself for dropping the ball like that.

Bottom Line

Since I’ve already bought 1/4 of the raw materials I need to do this I figure I might as well go for broke and buy the rest. Assuming that prices remain around the 20g/stack mark (the general trend for raw materials is downwards at the moment), this will bring my total investment to ~40k gold.

Taking current average glyph prices in to consideration and assuming that there will be at least a small spike in demand as Mists releases I’m going to base my estimated return on a sell price of 25g per glyph.

  • Assumed sale price: 25g per glyph
  • Estimated sales based on materials available: 4,000 units
  • Gross profit: 100,000g (raw takings)
  • Net profit: 60,000g (gross profit – costs)
  • Return of Investment: 150% (net profit / costs * 100)

Best case, if this turns in to “Glyphmas 2” as some bloggers are predicting prices *could* spike as high as 100g per glyph (possibly even more given that some glyphs already sell for ~400g each). If this happens, my profit will rocket up to and it’s entirely possible I could be looking at upwards of 400,000g gross profit (a staggering 900% RoI).

I guess time will tell if this was a good idea or not!

Best In Slot – Paladin Tier 14

Continuing on from my Priest T14 BiS post I’m now going to have a look at what’s available for Paladins. As before, I’m going to limit myself to items obtainable via LFR and Valor Points. So, without further ado, let’s get on with it.

Head

  1. Garalon’s Hollow Skull LFR
  2. Yi’s Least Favorite Helmet Valor Points (Shado-Pan)
  3. White Tiger Faceguard LFR

Neck

  1. Kaolan’s Withering Necklace LFR
  2. Paragon’s Pale Pendant Valor Points (The Klaxxi)
  3. Beads of the Mogu’shi LFR

Shoulder

  1. Shoulders of Autumnlight Valor Points (Golden Lotus)
  2. Shoulderguards of the Unflanked LFR
  3. White Tiger Shoulderguards LFR

Back

  1. Daybreak Drape LFR
  2. Yi’s Cloak of Courage Valor Points (Shado-Pan)
  3. Cloak of Raining Blades LFR

Chest

  1. Cuirass of the Animated Protector LFR
  2. Breastplate of Ancient Steel Blacksmiths
  3. White Tiger Chestguard LFR

Wrist

  1. Bracers of Six Oxen LFR
  2. Battle Shadow Bracers Valor Points (The August Celestials)
  3. Serrated Wasp Bracers LFR

Hands

  1. Windblade Talons LFR
  2. Gauntlets of Ancient Steel Blacksmiths
  3. Gloves of the Overwhelming Swarm Valor Points (The August Celestials)
  4. White Tiger Handguards LFR

Waist

  1. Star-Stealer Waistguard LFR
  2. Klaxxi Lash of the Consumer Valor Points (The Klaxxi)
  3. Protector’s Girdle of Endless Spring LFR

Legs

  1. White Tiger Legguards LFR
  2. Articulated Legplates LFR
  3. Kovok’s Riven Legguards Valor Points (The Klaxxi)

Feet

  1. Sollerets of Spirit Splitting LFR
  2. Yu’lon Guardian Boots Valor Points (The August Celestials)
  3. Deepwater Greatboots LFR

Rings

  1. Alani’s Inflexible Ring Valor Points (Golden Lotus)
  2. Ring of the Shattered Shell LFR
  3. Vizier’s Ruby Signet LFR

Trinkets

  1. Stuff of Nightmares LFR
  2. Lao-Chin’s Liquid Courage Valor Points (Shado-Pan)
  3. Vial of Dragon’s Blood LFR
  4. Jade Warlord Figurine LFR

Main Hand

  1. Kilrak, Jaws of Terror LFR
  2. Scimitar of Seven Stars LFR

Shield

  1. Steelskin, Qiang’s Impervious Shield LFR

Gems

Food (Stamina – Way of the Oven)

Elixirs

Flasks

Best In Slot – Priest Tier 14

Given that things coming from the beta realms seem to be becoming more settled I decided to take a stab at working out a few Best In Slot lists heading in to Mists.

Given that I have no idea where my guild will be in terms of activity/progression, I’m going to base them on LFR being highest level of content available to me. The lists may not be fully accurate, but I think they should be fairly close based on what I’ve been able to read about the beta.

To start things off, I’m going to cover healing Priests. In future posts I’ll look at Paladins (Prot) and Hunters since these are probably going to be the classes I focus on most early in Mists.

Head

  1. Yalia’s Cowl (Valor Points)
  2. Guardian Serpent Cowl (LFR)

Neck

  1. Links of the Lucid (Valor Points, The Klaxxi)
  2. Zian’s Choker of Coalesced Shadow (LFR)

Shoulder

  1. Tenderheart Shoulders (Valor Points, Golden Lotus)
  2. Guardian Serpent Mantle (LFR)

Back

  1. Sagewhisper’s Wrap (Valor Points, Shado-Pan)
  2. Drape of Gathering Clouds (LFR)

Chest

  1. Robe of the Five Sisters (Valor Points, Golden Lotus)
  2. Guardian Serpent Robes (LFR)

Wrist

  1. Bracers of Inlaid Jade (Valor Points, The August Celestials)
  2. Darting Damselfly Cuffs (LFR)
  3. Cuffs of the Corrupted Waters (LFR)

Hands

  1. Gloves of Creation (Tailoring)
  2. Gloves of Red Feathers (Valor Points, The August Celestials)
  3. Gloves of Grasping Claws (LFR)
  4. Guardian Serpent Handwraps (LFR)

Waist

  1. Belt of Embodied Terror (LFR)
  2. Klaxxi Lash of the Seeker (Valor Points, The Klaxxi)
  3. Healer’s Belt of Final Winter (LFR)

Legs

  1. Jade Dust Leggings (LFR)
  2. Poisoncrafter’s Kilt (Valor Points, The Klaxxi)
  3. Guardian Serpent Legwraps (LFR)

Feet

  1. Storm-Sing Sandals (Valor Points, The August Celestials)
  2. Boots of the Blowing Wind (LFR)

Rings

  1. Seal of the Profane (LFR)
  2. Watersoul Signet (LFR)
  3. Leven’s Circle of Hope (Valor Points, Golden Lotus)

Trinkets

  1. Blossom of Pure Snow (Valor Points, Shado-Pan)
  2. Scroll of Revered Ancestors (Valor Points, Shado-Pan)
  3. Spirits of the Sun (LFR)
  4. Jade Courtesan Figurine (LFR)

Staves

  1. Jin’ya, Orb of the Waterspeaker (LFR)
  2. Inscribed Crane Staff (Inscription)

Maces/Daggers

  1. Kri’tak, Imperial Scepter of the Swarm (LFR)
  2. Tihan, Scepter of the Sleeping Emperor (LFR)

Off Hands

  1. Inscribed Red Fan (Inscription)

Ranged

  1. Torch of the Celestial Spark (LFR)

Gems

Food (Spirit – Way of the Steamer)

Food (Int – Way of the Pot)

Elixirs

Flasks

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