Dear Friend of EWI,

One of the most valuable ways we are different from other forecasters is that we’re able to anticipate major turns long before they’re obvious to the crowd.

Silver and gold are perfect examples. If you’ve been following our work, you know that both metals have been soaring this year, especially over the past six months! Most people are just now taking notice, but EWI was on these moves early. So was our friend, Bert Dohmen of The Wellington Letter.

Bert has been forecasting the markets and metals for nearly 50 years – a testament to the depth of experience and value he brings. That’s why we’ve arranged a special offer so you can try Bert’s Wellington Letter at a very low introductory price.

To get a feel for Bert’s commentary, read his analysis below.

Sincerely,

The Elliott Wave International Team

How Investors Far Outperformed the S&P 500 This Year With Low Market Risk

From Dohmen Capital Research

Lately, you’re likely hearing all the talk about how great the rally in stocks has been.

However, the common performance numbers often refer to the gains since the April 7 bottom and therefore don’t account for the huge losses stocks endured during the February-April market plunge.

It’s important to reflect on that plunge now, especially as the we’re seeing speculation and froth in the markets rising to extreme levels currently.

Look at some of the timely calls we made during that tumultuous period (February-April, 2025) when many stocks plunged 40-60% and a few major indices plunged more than 20%!

Then, the rebound off the April low was one of the biggest short squeezes we have ever seen.

Based on our analysis at the time, instead of buying equities at that time, one area of the market we saw with “lower risk/higher reward” compared to most stocks was the precious metals sector, which we suggested buying.

As we know now, the precious metals sector outperformed the S&P 500 by an incredible amount year-to-date.

The S&P 500 has climbed roughly 13% year-to-date. But it’s nowhere near the gains seen in gold (+43%), silver (+59%), and the precious metals miners (+120%)!

Look at the chart below since the start of this year, which includes our calls that allowed members to profit nicely from the big gains in gold, silver, and the miners.

 The chart shows the Silver ETF (SLV, grey line) outperformed the S&P 500 (candlesticks,) by a ratio of 5:1 (i.e. 500%). And the Silver Mining Stocks (SIL, purple line) outperformed the S&P 500 by a factor of 10:1 (i.e. 1000%).

By taking a much smaller position in the gold and silver sectors, you could have had much lower exposure to the general stock market, and thus much lower risk, and still had better performance than the S&P 500.

For an investor, that is the best type of investment, lower risk with higher reward!

Therefore, most traders and investors didn’t need to take on higher risk within their portfolios (such as “high beta stocks,” “quantum computing stocks,” or “chip stocks”) in order to outperform the major indices.

Sticking with precious metals and the miners, which we did since mid-April, allowed our members to beat the market with far lower risk.

Now, with our special offer we arranged with our friends at Elliott Wave International, you can gain access to our nearly 50 years of professional experience navigating the markets with our award-winning Wellington Letter at just a fraction of the regular price.

With this exclusive offer for Elliott Wave Readers, you can try one month of our acclaimed Wellington Letter for just $11. That’s an 85% savings!

After signing up, you will receive instant access to our latest issue (published Sunday, October 5, 2025) in addition to all our Wellington Letters published over the past two months (we publish 1-3 issues per month on average).

Those issues will help you understand how we arrived at our most up-to-date market insights and forecasts heading into year-end and 2026.

Simply click this link to activate your $11 Wellington Letter trial.

We look forward to welcoming you to our growing family of informed investors.

Sincerely,

The Dohmen Capital Research Team