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In the early 1920s, in the desert near the Texas-Mexico border, Charley Eagle (), is Indian who owns a small, hardscrabble ranch and is training a horse, "Black Hope,". He thinks that the horse is capable of running in, and winning, the Kentucky Derby. Charley runs into a young Chinese boy, David Chung (), whose father has been killed by a smuggling gang, while pretending to help him enter the United States illegally. Charlie takes the young boy back to his small ranch, where Charley and his wife, Sarah () adopt him. His plans for "Black Hope" go awry but oil is discovered on his land and this intensifies his dreams that "Black Gold" (,) the colt of "Black Hope" can do what his sire couldnt do. The end frame of the film reads:"Suggested by the winning of the 1924 Kentucky Derby by the horse "Black Gold."
Anthony Quinn
Charley Eagle
Katherine DeMille
Sarah Eagle
'Ducky' Louie
Davey
Raymond Hatton
Bucky
Kane Richmond
Stanley Lowell
Thurston Hall
Col. Caldwell
Moroni Olsen
Don Toland
Jonathan Hale
Senator Watkins
Darryl Hickman
Schoolboy
Charles Trowbridge
Judge Wilson
Elyse Knox
Ruth Frazer
Clem McCarthy
Commentator: Kentucky Derby
Eddie Acuff
Colonel Caldwell's Ranch Foreman
Carl Andre
Racetrack Attendant
Benjie Bancroft
Racetrack Attendant
Mary Bayless
Party Guest
Ray Beltram
Racetrack Patron
Edward Biby
Party Guest
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