More Bullish for Investors Than Traders: 3-Minutes MLIV

• Gold and silver have seen logical moves over the past 2.5 years, but the current long-established trend suggests less upside potential and increased volatility for new entries.
• Korean markets (KOSPI) surged despite Trump's 25% tariff threats on SK goods, indicating markets are largely shrugging off geopolitical noise.
• The AI theme is identified as the ultimate driver for markets, particularly for long-term investors, overshadowing geopolitical noise and short-term risks like JGB auctions.

The discussion covers precious metals, geopolitical tariff threats, and the AI theme's impact on markets. Mark Cudmore suggests that while gold and silver have seen logical moves, their upside might be limited. Korean markets largely shrugged off tariff threats due to the strong AI theme, which he believes is the primary driver for long-term investors, despite short-term volatility risks for traders.