POG just turned red for the day, but not by much (so far). Even if it closes lower today, that does not bust the trend shown below.
Further, and as mentioned many times in the past, as markets crash, the first area to recover is commodities, because traders and investor begin to look to recovery (which eventually shows first in demand for industiral/manufacturing elements like copper, iron, uranium, etc.).
BTW, epic losses on Wall Steet today are being followed by an epic revovery, though still in negative territory at this point.
In longer terms, this correction (so far) is not a trend buster. From the bottom of the Financial Crisis, the DJI channel of lows and highs remains intact, suggesting that as of today, the worst of this correction may be over. If not, watch out below.
