Tip: Go Long on Elementium Geodes
Back when Trial of the Crusader was first released, hundreds of Argent Tournament pets were dumped onto the market. Most goblins took this opportunity to stockpile, after all raiders would soon move on to bigger and badder carrots. Sure enough, fast forward 6 months and Argent Tournament pets were to 2000g from 250g. This was a fairly obvious investment for anyone seeking to go long.
I think the situation is much the same for a newly introduced pet, the [Elementium Geode]
. This pet is found in Elementium Veins at a rate of 0.1%. At present, Elementium is being mined more intensely than ever, so the market is completely over-saturated with Geodes. On Thunderlord, prices have plummeted to 150g or less in the past few weeks, and I don't expect them to recover any time soon especially
if mining bots persist. I'm not observing these prices all over the US, in fact The Undermine Journal gives the Geode an Alliance Market Price of 817g versus 190g on Thunderlord
. This could be the result of more intensive botting/farming on Thunderlord (per capita).
Nonetheless, keep an eye on your Elementium Geode market. If and when it tanks, this market will present a perfect opportunity to go long (really long). And that's my quick tip for today.
At what price do you think Geodes will bottom out?