» Tue Dec 06, 2011 6:35 pm
As previously mentioned, iron daggers are the accepted way to boost smithing through the roof in a relatively short span of time. I also recommend crafting Hide armour as it only requires leather and leather strips, both of which can be made from pelts found on almost all animals.
If you're looking to make a huge profit in the meantime, then looting a Dwemer ruin and smelting down all the metal into ingots, and then turning these ingots into Dwarven equipment also works.