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This is the astonishing story of Victorio Peak, a minor mountain with major history in the sandy southern deserts of New Mexico. Under its rocky and road-scarred topsoil lies one of two things: either a king's ransom in hidden gold bars--upwards of $2 billion, maybe--or the dusky nothingness of empty limestone caverns.
February 13, 2010 | By Lisa Dillman
Wildly unpredictable weather, possible history on deck and one unhappy husband and wife. Yes, there won't be a shortage of potential intriguing potential story lines Saturday in the women's moguls competition at Cypress Mountain, one of the first medal events at the Games. First off: history. If all goes well, Calgary-raised Jennifer Heil will erase a bit of annoying Canadian lore, namely that a Canadian has never managed to win a gold medal when the Games have been on home ground.
February 15, 2010 | By Lisa Dillman
Tension gripped the finish area and, quite likely, an entire nation. Alex Bilodeau stood in the place where his Canadian countrywoman Jenn Heil watched her gold medal wind up in the hands of an American freestyler on the last run of the night. Less than 24 hours later, fate reversed field and, at the same time, reached out and touched an unheralded American on Sunday at Cypress Mountain just before 6:20 local time. Gold, Canada. Bilodeau, a 22-year-old from Montreal, won the men's moguls gold medal, which was the first ever for Canada when it was hosting the Olympics.
April 29, 2010 | By Dennis McLellan, Los Angeles Times
Victoria Manalo Draves, the first woman to win two gold medals in diving in the same Olympics — in the three-meter springboard and the 10-meter platform competitions in London in 1948 — and the first Asian American to win an Olympic medal, has died. She was 85. Draves died April 11 from complications of pancreatic cancer at Desert Regional Medical Center in Palm Springs, said her husband and former coach, Lyle Draves. A native of San Francisco whose father was Filipino and whose mother was English, Draves was the national platform diving champion for three years running and the reigning national indoor springboard champion when she arrived at the Olympics in 1948.
October 30, 2007 | From Times Staff and Wire Reports
Gold is making a run for $800 an ounce, a level it hasn't visited in 27 years. Near-term gold futures in New York rose $5.20 to $789.10 an ounce on Monday, the highest closing price since January 1980. "It is extremely likely gold will get through $800 in the short term -- over the next few weeks -- maybe even sooner," said Peter Richardson, strategist at Craton Capital, a South African investment firm. Gold has risen $100 in the last two months alone.
February 9, 2003 | Tom Petruno, Times Staff Writer
Gold is the answer to a riddle that might have been posed in the 1990s if anyone had cared enough to bother: Name an asset that is always in fashion, yet grossly unfashionable. As an ornamentation, gold never has and probably never will go out of style with humankind. But as an investment, very little fared worse than the yellow metal in the final decade of the last century. Its price fell 29% in the 10 years ended in 1999, a period in which the Dow Jones industrial average returned 439%.
May 14, 1993 | CHRIS KRAUL
Buying gold can be an unprofitable experience for the unwary. Here are some tips to make you a smarter investor: * Know your options. Gold coins and bars come in denominations ranging from 1/20th ounce up to a kilogram (2.2 pounds). The most commonly sold new coins in the United States are the American Eagle, the Canadian Maple Leaf and the Australian Kangaroo Nugget.
April 9, 1999 | From Times Wire Reports
The June 2 auction in New York of a 56-pound gold nugget found in Australia is in doubt because the metal may have been taken out of the country illegally. The anonymous owner of the nugget did not apply for an export license to send it to New York, where it is scheduled to be auctioned by Sotheby's, said an Australian government spokeswoman. Sotheby's said the planned reserve price for the nugget was between $250,000 and $300,000.
August 10, 1995 | Times Staff and Wire Reports
Demand for the precious metal in most major markets rose 13% to 663 metric tons in the second quarter, according to a World Gold Council report. Rising demand was helped by continued strong investments in Japan and a steady expansion in the United States, the council said in a report that covered markets estimated to represent about 75% of worldwide demand. Demand rose 18% in developed countries to 234 metric tons and climbed almost 11% to 429 tons in developing countries, the report says.
The weekend after Hurricane Hugo hit the South Carolina coast, James Lamb, coin director of Christie's, the New York auction house, made a secretive trip to a Southern port city. Lamb won't name the city but will say that he went there to see what has become the talk of the coin community: the horde of gold coins and bullion pulled from the wreck of the SS Central America before the hurricane struck. "It was very, very exciting," Lamb said. "I spent (a day) down there.
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