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Posted AT 9:46 AM EDT on 27/03/08

U.S. gold capital booms, but eyes downturn

Reuters

ELKO, Nevada — — When Elaine Barkdull Spencer's two sons were growing up, she vowed they would never work in gold mining because of its capricious cycles of boom and bust. These days, both sons are in the industry and Ms. Barkdull Spencer isn't complaining. One of them, who is 27, earns $100,000 a year and the other, who is 25, makes $90,000. It is hard to outshine gold in rural northeastern Nevada.

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