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MINING BOOM AND BUST
In 1902, Wyoming’s Kirwin mining camp grew to about 200 people; by 1907, a deadly snowslide destroyed the last company buildings and the boom fadedKirwin, a once-bustling mining community nestled in the Absaroka Mountains of Wyoming, experienced a fleeting boom in the early 1900s. The ...- In the 1890s, Montana’s Marysville gold camp grew to about 4,000 people; today, its population is officially 82, with local estimates closer to 90–100Marysville, Montana, once stood as a vibrant mining hub in the late 1800s, largely thanks to the rich yields from the Drumlummon Mine. At i...
- In 1882, a pipeline helped silver boomtown Candelaria, Nevada, grow to about 1,000 people; after the 1893 financial panic, it declined, and its post office closed in 1939Candelaria emerged as a bustling boomtown in 19th-century Nevada, only to face dire water shortages. Although a dependable water pipeline w...
- By 1909, copper had helped Swansea, Arizona, grow to about 500 people; financial trouble followed in 1911, and the last mine closed in 1937Swansea, Arizona, once thrived as a mining community but became a ghost town after its abandonment in 1937. It flourished in the early 1900...
- In 1862, gold drew thousands of miners to Florence, Idaho; much of the richest ground was worked out that year, and old diggings remainFlorence, Idaho, surged to fame in 1862 amid a major gold rush that saw a flood of miners flocking to the area. The initial excitement tran...
- Nevada unions, politicians caught between AI job creation and destructionNevada unions' soul-searching reflects the national debate underway over whether regulation should slow down AI development amid conflictin...
- In 1865, a silver discovery helped turn Belmont, Nevada, into a boomtown; by 1900, only about 20 people remained after most mines closed, despite more than $6 million in oreBelmont, Nevada, once a bustling mining hub during the silver rush era, experienced a dramatic decline in its population as resources dwind...
- In 1902, Colorado miner Joe Fleshuts built a simple cabin to claim a piece of land; more than 120 years later, the cabin still stands inside Rocky Mountain National ParkIn 1902, Joe Fleshuts constructed a log cabin to stake his claim under the Homestead Act, aspiring to own 160 acres in Colorado's scenic Ka...
- In 1881, a rich silver vein turned Lake Valley, New Mexico, into a town of about 4,000; by 1902 only 150 remained, and the last residents left in 1994Silver mining in Lake Valley began in the 1870s and boomed after a major discovery in 1881. Lawlessness and a railroad spur followed the pr...
- Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buyin...
- In 1862, silver transformed Aurora in Nevada Territory from a mining camp into a town of about 7,000 people; years later, only about 500 remained, and many mills had been dismantledOnce an empty expanse, Aurora surged into a thriving community of seven thousand within two short years, thanks to promising silver mines. ...
- Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?Gold rose 5% this week to nearly $4,603, marking its third consecutive weekly gain, supported by a weaker US dollar, Treasury bond buybacks...
- Why Jefferies’ Chris Wood sees gold as the second-best hedge amid Iran war and fiscal risksJefferies’ Christopher Wood sees gold as the second-best hedge for investors amid rising geopolitical and fiscal risks linked to the Iran c...
- Explained: Why South Korea bought gold after 13 years and what it means for yellow metal investors?In a year marked by dramatic shifts, gold surged to new heights only to undergo a significant decline. Central banks have begun to ramp up ...
- In 1862, a single gold discovery turned this remote valley into Montana's first capital; today, more than 50 buildings still stand frozen in timeMontana's first territorial capital, Bannack, was established in 1862 after gold discovery. This frontier town quickly grew and then declin...
- Why Jefferies’ Chris Wood, billionaire John Paulson say gold’s long term bull market is just getting startedDespite gold's recent pullback from record highs, Jefferies' Chris Wood and billionaire investor John Paulson believe the long-term bull ma...
- On tiny Christmas Island, Google spurs renewable energy push for Indian Ocean data hubGoogle is establishing a data hub on Christmas Island. The island's power supply can accommodate the new facility without impacting residen...
- Japan found $26 billion under the sea, but this new scientific breakthrough might sink it before it startsJapan’s $26 billion deep-sea discovery of cobalt and nickel near Minami-Tori-shima may be rendered obsolete after scientists developed EV b...
- Chinese stimulus a short-term solution, not a long-term fix: David Madden“The measures will not shake out any uncertainty investors have about China. It will lift the markets in the short term but we want to see ...
- India must prepare for a recessionNon-Opec production has risen sharply, led by the US fracking revolution that has added four million barrels per day to world production.
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