Have a Happy Holidays

We will stop blogging until the new year so that we can service our clients during this busy time as well as enjoy the holidays with our family.

See you in the new year!

Thanks

Michael W. Grohowski
CEO/President
ChainsAndNecklaces.com

The Turkey Made Me Buy that Chain!

I hope everyone had a Great Thanksgiving last week.


Quick Note:
Will be putting out a Christmas Style theme on website shortly - stay tuned.


Deal of the Week:
Added a few more products to our Overstock/Clearance Center - check it out! Huge Savings.


Coupon of the Week:
10% off - coupon code is turkeyblues


Jewelry News:
Tehran - Iran has converted financial reserves into gold to avoid future problems, an advisor to Presidential Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peek in July.

New York--Braced for skimpy sales and slow traffic, numerous jewelers around the country who spoke to National Jeweler on Monday said they were both pleased and surprised with Black Friday and the weekend sales that followed.

Mumbai, India--Diamantaires who gathered in Mumbai for a Diamond Trading Co. (DTC) meeting last week have all been accounted for in the wake of terror attacks in India's jewelry manufacturing hub, the DTC reported on Monday.


Precious Metals Pricing and Trading Action:
Gold - Settled on Friday at $819, up $4 on the week.

Silver - Silver finished on Friday up .14 to close at $10.30

Platinum - Was $18 higher on the week closing at $873.

Michael W. Grohowski
CEO/President
ChainsAndNecklaces.com

Happy Thanksgiving

Have a Great Thanksgiving Week.

We will not post this week due to the holiday.

Use coupon blackfriday all this week through Sunday for Savings - get 10% off!

Michael W. Grohowski
CEO/President
ChainsAndNecklaces.com

Weekly Jewelry Post - 11/17/20008

Quick Note: We added 3 new products to our new Overstock Category and plan on adding 9 more this week. Those products are HEAVILY discounted and should serve as a good gift for yourself or a loved one.

Deal of the Week: Our Top Picks Category has been redone and some nice values are in that category along with an automatic discount when you purchase a jewelry product from that jewelry category.

Coupon of the Week: prethanksgiving5 - use this coupon when you checkout to get 5% off. Good through Thanksgiving and until the end of the month.

Jewelry News: Mumbai, India—In response to the economic turmoil impacting businesses worldwide, the Gem and Jewellery Export Promotion Council (GJEPC) announced on Friday that India is curtailing the import of rough diamonds for a month, beginning Nov. 25.

New York—Both QVC and Jewelry Television are slashing their staffs in response to slowing sales in the face of the current economic crisis.

Precious Metals Pricing and Trading Action:
Gold - settled on Friday at $745, down $11 for the week.
Gold's trading range over the past month has gotten a bit tight... could see a break in the next week or 2 - tough to tell which way at this point. Overall trend is still bearish. Take advantage of the recent downside activity and purchase a Gold Chain today!

Silver - closed at $9.57 and was down .86 for the week.
Silver's chart looks similar to Gold's and if the recent lows can hold I wouldn't be surprised to see an upside break back to the 20 Bar Exponential Moving average for a nice 1 to 2 month bounce higher. If the recent low's do break, I expect another 5% downside move at the very least.

Platinum - finished the week at $843 and lost $35 during the week.
Overall Trend is bearish and its coming up against some major pricing support, which if it breaks to the downside - more price erosion is sure to be seen. Should see some choppy trading action over the next week or 2.

Overall the metals look technically weak on the weekly trading charts, however all have had decent size moves lower since the spring + summer high points and with all the turmoil in the economy - a trading range may develop over the coming months and leading into the New Year. On the Monthly charts - Gold has held its support but Silver and Platinum have broken through it. Gold appears the strongest metal at this point in reference to trading action.


Michael W. Grohowski
CEO/President
ChainsAndNecklaces.com

First Post and Format of our Weekly Blog

First Official Post.

Will keep this first official post light and easy.

We will use this blog to put out information and knowledge as well as make your experience at ChainsAndNecklaces.com a good one.

The format will generally be the following:

Quick Note: Any tidbits or info we can put will be placed here.

Deal of the Week: We will put the deal of the week at this location.

Coupon of the Week: We will put a discount coupon at this spot.

Jewelry News: 2 to 3 news articles will be posted here.

Precious Metals Pricing and Trading Action:

Gold: Closed at $733.90 on Friday, up $6 for the week.

• Weekly Trend is Down and Consolidating.
• Monthly Trend is Neutral to Lower
• Should Trade in a Range over the next week or so.
  

Silver: Closed at $9.97, up .09 for the week.

• Weekly Trend is Down but Consolidating.
• Monthly Trend is Lower, possible trading range and choppy trading.
• Should Trade in a Range over the next week or so.
  

Platinum: Closed at $854, up $19 for the week.

• Weekly Trend is Bearish but Consolidating.
• Monthly Trend is Lower however should level out here for a little while.
• Overall this market has been bearish for awhile, expect choppy action with possible near term rise as the market bounces.
  
  

Have a Great Week.


Michael Grohowski
CEO/President
ChainsAndNecklaces.com

Welcome to ChainsAndNecklaces.com

Thanks for Visiting our blog.

We will post Every Monday by Midnight with news, jewelry tips, new coupons, great deals and bargains as well as jewelry news, precious metal pricing and our trend predictions and a host of other informative things.

Thanks again.

Mike Grohowski