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How far will gold drop on US RMAH

Will there be a new banwave? Not sure if to sell 20b gold right now or wait a while... Any info appreciated
 
Ok feels like it just hit? EU prices are rising substantially and US has gone back up to 1.42 from 1.33

Hoping it keeps going up! Hold on to gold for now people :)
 
Will be short lived imo. Prolly just a spike from maint day(s) or sms blocks on some of big china's listing accounts. If there was a ban it didnt get either of my farms which has never happened before.

Could be wrong tho ^^
 
Xenetron said:
Will there be a new banwave? Not sure if to sell 20b gold right now or wait a while... Any info appreciated
Click to expand...

In general, i'd advise against speculation on gold price. I lost more money than earned by keeping stock and expecting the prices will rise up . The general trend is down since the release with some temporary rises ((banwave, ROS annoucement, new patch etc)
I don't stock more than a week and sell what i have at the current market price.
 
dondedek said:
In general, i'd advise against speculation on gold price. I lost more money than earned by keeping stock and expecting the prices will rise up . The general trend is down since the release with some temporary rises ((banwave, ROS annoucement, new patch etc)
I don't stock more than a week and sell what i have at the current market price.
Click to expand...

you are like really stupid, i just sold mine @1.40 when it kept going down to 1.30 per 50.
i get what you're saying but your logics are just wrong man.
 
plzrepeat said:
you are like really stupid, i just sold mine @1.40 when it kept going down to 1.30 per 50.
i get what you're saying but your logics are just wrong man.
Click to expand...

Yes, you may be right, i just try to maximize my gain expectancy given my limited IQ. I'm glad if it works for you, it doesn't for me (just sold at 1.38 this week), in the long trend i mean. In my case, when i waited for more than a week or two to sell, i was mostly proved wrong in the past 18 months.
One advice though. If you want to speculate, set up a model, test it, and the most important, stick to it.
Reminds me of the people buying "cheap" gold when it dramatically dropped at 0.8$/million.
 
dondedek said:
Yes, you may be right, i just try to maximize my gain expectancy given my limited IQ. I'm glad if it works for you, it doesn't for me (just sold at 1.38 this week), in the long trend i mean. In my case, when i waited for more than a week or two to sell, i was mostly proved wrong in the past 18 months.
One advice though. If you want to speculate, set up a model, test it, and the most important, stick to it.
Reminds me of the people buying "cheap" gold when it dramatically dropped at 0.8$/million.
Click to expand...

Its not really IQ my friend, it takes hard work and i guess you have to be infront of the PC most of the time, but perseverance will bring you unpexcted results sometimes.
 
I was being sarcastic actually... What you said didn't differ from what i wrote previously if you read carefully.
But your scope of analysis is way too short and it seems you didn't set up any rules on what conditions you should sell.
Again, drawing a graph of the gold prices since the release will show you the trend and the right exit points...what i said is common sense and nothing to brag about, that's a just a downtrend market.
Being on your screen most of the time is not enough, you may not see the big picture.
 
I know it is a downtrend, that's why I usually wait for announcements so the gold price will usually bounce back.
It also depends how much you bot, I don't have 20 accounts so I'm not that worried about it dropping even further cuz it already has been. Maybe itll go back up a little at blizzcon who knows.
I dont see how drawing drawing graphs could set a model unless you know exactly when a banwave will occur.
 
bizzy1one said:
I dont expect bans tomorrow off a single realm 3 hour maint but could happen. ( kinda hope it does but i have bets on both sides).

I think next tuesday/wed will bring 8 hour / extended and wave ... but its all just speculation anyway.
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ok b1zzy some reports in the ban forum now... your sources saying anything???
 
Prices were pretty high at some point yesterday: 1.44 euro and 1.4 usd when i checked.Back down now.
Genzaniku socket went up to 600m for US....now back to 125 but pretty high still.
 
A lot of botters seem to underestimate the value of sub 60 items.

Genzaniku Axe = Best lvl 8-15 weapon (since sockets in weapons show up @ lvl15)
Buriza = One of the best CC options for Scoundrels. An 70+/14+ would fetch you a lot of money.
 
I saw $1.70 last night... now $1.64... what is going on? Banwave? RoS excitement?
 
It went up to as high as 1.84 (from what I saw)

Likely cause (my reasoning): this thread popped up and people started buying gold because apparently it might be BoA.

BOA gold?! - Forums - Diablo III

as this thread grew, so did the prices, then it slowly died back down.
 
and I am sitting here, not being able to move into my new appartment having to wait a week for my botting to continue :O
 
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