The Treasure of the Sierra Madre
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Because of the great performances (especially from Bogart) and because of the realistic environments, this film truly transports its viewers to the Sierra Madre Mountains and makes them part of the characters' quest for gold.
Traven's novel, goes through all kinds of complications - being an out of work American in Mexico, getting ripped off by another American, learning about gold from an knowledgeable old-timer, wanting to throw water in Bobby Blake's "ugly mug", worrying about your goods and having to take "look sees", being scared about gila monsters, taking votes on whether to share your gold with an interloper or kill him, dealing with a spitting bandido in a gold hat who defiantly won't show you any stinking badges, performing some weird resuscitation and becoming a medicine man, going murderously beyond paranoia, betting on who can stay awake the longest, learning about a small Mexican town's quick legal system, dreaming about fruit harvests, dealing with strong northers and laughing about fate (among many others).
Though I naturally need to revisit a few of the other contenders to make sure, I would probably still cite The Treasure of the Sierra Madre as my favourite Bogart film, my favourite Huston film, and basically a second-tier favourite.