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One warning: In general, it's not a good bet in EQ to decide to trade skill just to make money. There are several warnings about this on EQTraders. EQ is not a tradeskill-based economy, and with the addition of the 188 to 227 skillup combines and user-friendly TS interface, the number of trade-skilling fools is proliferating madly.
In general I agree with you. However, the blue diamond cultural seems to be the exception, at least on my server. Even with plenty of High Elf and Dwarf GM smiths, due to BD shortage, the cultural always seem to sell well. That's the reason for my post. I can say with certainty that some of the less popular cultural armors, such as ogre or dark elf, would sell well since there seems to be a more demands for these on my server. While it is expensive to GM smithing, if you want to recoup some of the losses, cultural seems to be the way to do.
Taushar