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Arie Scherson · @ariesnotebook

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Metals Topping Rotating Into Energy

From x.com/ariesnotebook

I have shared tentative views that gold and silver may be nearing cycle tops, and I have described a possible rotation into energy. These are impressions and expectations, not confirmed market outcomes; my posts give little supporting evidence or investment detail.

On October 17, 2025, replying to @PeterSchiff, I said a gold top seemed to be coming soon for the current cycle. I did not identify which cycle I meant, give a timing estimate, or explain what evidence informed that impression.

On December 25, 2025, I congratulated people who had bought silver, calling them “silver surfers,” and said I thought the rotation might be into energy, while leaving the outcome uncertain. The post quoted @ariesnotebook saying silver had broken $50; that was their statement, not a price report I independently verified.

On December 29, 2025, at 04:20 UTC, replying to @YtRepost, I said an unspecified asset could go a bit higher but seemed to be nearing a top in my opinion. I had no price target and said I had started building an energy position, without naming its holdings or explaining my reason.

Later on December 29, 2025, at 13:10 UTC, I said silver could rise further but felt as though it was in a euphoria phase. I expected supply might increase quickly as silver miners sold to make large profits at prevailing prices. I said LNG was my only energy position so far, describing it as a natural-gas play; I gave no position size or further investment rationale.

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