 Gold shipments have been stolen but the gold has not reappeared so the Trail Blazers have been called in. Ken Maynard and Hoot Gibson are known and arrive as themselves. But Bob Steele is not known and he works his way into the gang by posing as an outlaw. His first job is to kill Ken and Hoot which he appears to do. Ken learns the gold bars are reformulated back to gold ore but then the outlaws learn that Ken and Hoot are not dead and that Bob is their partner.