Gold has fallen more than 10 percent in one year to $1,140. However, Schiff said Tuesday that the precious metal is ready to rally. "There are a lot of people who are short gold who are going to be in for a world of hurt when this price starts to move back up," he said. "We get back above $1,200 and it's going to be some real pain for those shorts." http://finance.yahoo.com/news/peter-schiff-markets-pipe-dream-110000512.html