Valentine's day forecast: Jewelers might not be feeling the love.

In the wake of record high gold prices, stalled employment figures, reduced retail profits and the worst holiday retail figures since 2002, jewelers nation wide are holding little hope that cupid shall send some love their way this coming Valentine's day 2008.

Gold prices have crested the $900 per ounce mark which has sent jewelers scurrying to find viable options for their potential customers. Given the fact that silver and platinum prices tend to mirror the performance of gold, alternate precious metals aren't giving jewelers much hope.