Gold Isn't Making a Comeback Anytime Soon

Gold has been getting hammered the last week or two, pushing below $1,400 and threatening to retest the low mark of $1,322 set intraday in mid-April. But since gold bounced big off that low â?? about 12% in just several trading days â?? some swing traders are starting to wonder if this could be an opportunity to snag a quick double-digit gain on another rebound off the bottom. Or if you believe Peter Shiff, a rather modest 260% gain from here. Donâ??t believe any of it.