Gold’s Biggest Gain in 12 Weeks Signaling End of ‘Capitulation’

The “capitulation” in gold that drove the metal to its worst January in 14 years may be mobile cone crushers for sale south africaending as escalating violence in northern Africa spurs demand for a haven and after a key technical indicator held.Futures traded on the Comex exchange in New York jumped 1.7 percent on Jan. 28, the most since Nov. 4, as thousands of people took to the streets of Egyptian cities to protest the 30- year rule of President Hosni Mubarak.

Gold earlier rebounded off its 150-day moving average, an indication the metal may surge 21 percent to a record by the end of June, according to technical analysis by the Hightower Report.“The capitulation is over,” said Tom Pawlicki, an analyst at MF Global Holdings Ltd. in Chicago, who correctly predicted in September that the metal would keep rallying to $1,350 an ounce after reaching a record. “The liquidation has washed out the weak trades and put gold at a point that looks attractive to new buyers.”...