The price of gold plunged on Friday and Monday, falling to its lowest level in two years and marking the largest drop in 30 years. Many of Nevada's rural communities depend on gold mining. After enjoying years of economic prosperity, they may be in for a fiscal shock. We'll talk to a reporter who covered the gold boom to find out whether these communities are ready for the gold bust.
The economy might seem mired in recession in Southern Nevada but elsewhere the sick economy is creating a boom - the gold-mining counties have little or no unemployment, construction work for those who want it and the good times are rolling. This counter-cyclical boom is the other side of the bubble that burst in 2008.
Corb Lund was a sensation at the last National Cowboy Poetry Gathering and he and his group, The Hurtin' Albertans, played the gathering again this year. And they will be in Las Vegas on Monday night at the Bunkhouse Saloon downtown.