Word: copper
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Dates: during 1970-1979
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...centers experienced a whiff of panic last week. In two days of frantic trading, the price of gold on the London exchange soared a breathtaking $50 per oz. to $447 at one point; then it plunged back down almost as steeply, closing the week at $385. Silver, platinum and copper also gyrated wildly. Said a New York bullion trader: "The market's gone bananas...
...Northen Sun Alliance in opposing the uranium development," he continues. "They have tried to influence county officials but have had little success. A battle in the legislature has resulted only in a standoff. The state regulatory agencies are lumbering into action but can barely keep up with the proposed copper and nickel mining. The state executive board will soon decide whether to allow exploration on state lands. Much education still needs to be done around the uranium mining issue...
Like the children of Hamelin chasing the Pied Piper, investors last week continued rushing to put their paper money into hard goods. Gold scaled yet another peak on the London exchange: $397 per oz., almost double a year ago. Prices soared for platinum and silver, and even copper that was 81? per Ib. two months ago sold...
Since 1972, geologists have studied Landsat satellite images of the earth's landscape to choose areas to explore for oil, gas, copper and other minerals. Now a scientist with the U.S. Geological Survey has studied such pictures and found that concentrations of sagebrush may indicate deposits of uranium...
Proclaiming the city's energy eminence are the names over the doors of its new office towers: Energy Center I, the Petroleum Building and Anaconda Tower (the old copper mining company, now owned by Atlantic Richfield oil, is big in uranium). Construction of a 36-story Amoco Tower and a 23-story Energy Plaza will be completed next year. In all, 27 major office buildings are now going up. Work on two dozen more office complexes will begin in 1980. All this has transformed the once unimpressive skyline of Denver...