Ekwan-X (EKWX)

[manysevens]

Liking EKWX ...

Saturday, February 25, 2006 · Last updated 1:06 p.m. PT

High metals prices prompt new wave of exploration

"The economy has recovered, but the big thing that has happened is the industrialization of China. That has required more metals," Schwab said. "That's the largest single factor driving the increased metals prices."

Michael George, a U.S. Geological Survey gold commodities expert in the agency's Reston, Va., headquarters, agreed with Schwab that China's insatiable appetite for metals is driving prices up.

Increased demand in India, the world's largest consumer of gold, along with speculation and investment hedge buying, are also contributing to rapid increases in precious metals prices, George said.

Nevada remains the nation's top gold state, churning out nearly 7 million ounces last year, making it the world's third-largest gold producer after South Africa and Australia, according to the USGS.

http://seattlepi.nwsource.com/local/6420AP_WST_Metals_Prices.html

On the chart .. the 9dma has crossed above the 50dma.
Why that's like gold! lol.