some of those resources are likely to be in the SP already. How much remains to be seen."

What is seen is when the S&P hit 741 in November, San Gold hit 57 cents

The S&P closed at 683 on Friday and SGR closed at 1.58. If there is a bright light in any equities at all, I'd say we're in it and the fact we're not down 10% from our November lows trading at 50 cents speaks volumes and probably reflects a much larger gain generally speaking if you were to compare it to the pre deflationary pit that has sucked trillions out of the global economy.

Technically, SGR's chart looks very similar to the 3rd week in July from my perspective and if there wasn't very significant material news on the horizon, next week could see a major move to the exits. The only difference this time around is we're on the 50/200 bullish uptrend which has provided major resistance so far. In July it was the opposite and the bearish 50/200 downtrend had absolutely no support.

This leads me to believe that even in a crappy environment, the Hinge could deliver new highs up to the 3.30 range.

My guess is, the trading desk is well aware of this.