Have to tell you guys. Forget the whole mentality of spending all your cash blacksmithing. Its not worth it. Spend it shopping in auction house for items. Save up your gold and just shop AH.
I see what all the smart players are doing now. Because the game is so new, some people just have no clue what things sell for in the auction house. If you sit at the auction house for a while, you can get some crazy good deals on stuff. I see some stuff that gets listed, and all the good deals are purchased almost instantly.
I bought quite a few things last night screwing around there. The good stuff goes fast so...
Its not the best thing in the world but I picked up a 1 hand axe or whatever it was for my wizard that was around 125 damage with some vitality, and around 70-80 intelligence and an open socket with added attack speed and few other mods for like 3000 gold... That is super cheap. Spend 4X that just upgrading stupid gems.
Picked up a pretty killer rare ring for like 2000 gold as well which was way better than the crap I had.
On top of that, a few items I bought in AH I just resold almost instantly for a profit. lul