Trade Alert: AG, BYDDF

Sell First Majestic Silver (NYSE: AG).

Buy BYD Company (OTCMKTS: BYDDF).

While First Majestic Silver remains, in our opinion, one of the better pure-play silver miners out there, our reference fund no longer favors it. Following our mission, today we remove it from our portfolio.

In its place we welcome BYD Company, the Number One electric-vehicle maker in the world. The company is a long-time favorite of Warren Buffett’s, whose Berkshire Hathaway (NYSE: BRK.B) owns nearly a 10-percent stake in the company, making it by far the largest U.S. shareholder. BYDDF has long been on our radar and today we pull the trigger.

We will have more information in an upcoming Market Update.

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