Group 1: Gold and Silver Market - The ongoing conflict between Russia and Ukraine continues to impact gold and silver prices, with a perception that a ceasefire is unlikely despite negotiations [1] - Historical context is provided by comparing the current situation to the Korean War, where intense battles occurred even during ceasefire negotiations [1] - Market sentiment suggests that while short-term gold prices may decline, the long-term outlook remains positive, as indicated by the performance of gold ETFs [1] Group 2: Pop Mart's Performance - Pop Mart's recent performance has raised questions about its business model, with significant market divergence in opinions [2] - Historical trends in collectible toys suggest that sales can drop significantly after initial peaks, which may indicate that Pop Mart's current valuation is too high [2] - The introduction of new products has led to a decline in the resale value of existing items, raising concerns about the sustainability of the blind box model [2]