--- title: "Independent Stock Analysis" url: https://independentstockanalysis.com/ description: "The archived weblog of J.J. Butler: 485 dated notes on oil, natural gas, coal, precious metals, China and macro markets, published at Independent Stock Analysis between." published: 2020-04-04 updated: 2013-03-19 --- # Independent Stock Analysis Published 2020-04-04 · Updated 2013-03-19 ## [Triumphant Return](https://independentstockanalysis.com/triumphant-return/) Posted on by J.J. Butler No one has been more out of step with asset markets this decade than me. As Warren Buffett recently said, “Prices are sky-high for businesses possessing decent long-term prospects.” ( The Felder Report ). Unfortunately that’s not a good… Filed under [Investing](https://independentstockanalysis.com/category/investing/), [Macro](https://independentstockanalysis.com/category/macro/) ## [Cash is King](https://independentstockanalysis.com/cash-is-king/) Posted on by J.J. Butler I have been out of step with the market for several years. The valuations and underlying fundamentals are pretty much outrageous. Perhaps the proverbial bell rang this week. Market internals have been horrible for quite some time, that’s… Filed under [Gold](https://independentstockanalysis.com/category/gold/), [Investing](https://independentstockanalysis.com/category/investing/) ## [Saturday Reads](https://independentstockanalysis.com/saturday-reads/) Posted on by J.J. Butler Commentary on yesterday’s Employment Report at Value Plays , as indicators are positive . Long-Term Sector Charts and cheap money at Bespoke. Mining share are beat up enough for yeild’s to be meaningful . Value Investing Flavors at Aleph… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [At Odds](https://independentstockanalysis.com/at-odds/) Posted on by J.J. Butler Silver Wheaton Shares Could Face Distress was published. Meanwhile, Bank of Japan Unveils Aggressive Monetary Policy and precious metals continued to fall. The Bollinger Bands are foreshadowing a big stock market move says Andrew Thrasher… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [Looking Around](https://independentstockanalysis.com/looking-around/) Posted on by J.J. Butler With gold ( Peter Brandt ) and materials ( Chess ) in deep trouble, the time to look around has arrived. Stock market leadership has narrowed marketly. I have long considered the consumer dividend plays richly priced. Europe is a mess and… Filed under [Premium](https://independentstockanalysis.com/category/premium/) Posted on by J.J. Butler The secular precious metal bull market is over. Fundamentally inverse are two shocking and positive headlines I did not expect to see in 2013: The Return of State Surpluses Could Point to More Growth to Come ( Daniel Gross ) Fannie Mae reports record profit in 2012 ( Calculated Risk ) Reasons Why… Filed under [Premium](https://independentstockanalysis.com/category/premium/) [Economic Strength](https://independentstockanalysis.com/economic-strength/) ## [Soon Enough](https://independentstockanalysis.com/soon-enough/) Posted on by J.J. Butler The precious metal complex is either broken or looking to begin a historic move. I don’t know which, but we’ll find out soon enough. The charts are interesting and biased at Gold Scents . David Stockman’s piece garnered a lot of attention… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [Charts](https://independentstockanalysis.com/charts/) Posted on by J.J. Butler Okay, a few things for this morning: A Little Perspective at Market Anthropology . Even cash is now at risk say long time super bear Albert Edwards . If Corporate Profitability ( Economists View ) is mean reverting, then a right shoulder… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [Friday’s Goods](https://independentstockanalysis.com/fridays-goods/) Posted on by J.J. Butler More evidence the economic recovery is real by Tim Duy . Temp Staffing and Employment and Housing at Value Plays . Tax receipts are strong ( Dr. Ed ). The $85 billion a month in printing looks to continue indefinitely at Marketwatch . S&P… Filed under [Natural Gas](https://independentstockanalysis.com/category/natural-gas/), [Oil](https://independentstockanalysis.com/category/oil/), [Premium](https://independentstockanalysis.com/category/premium/) ## [Monitoring Signals](https://independentstockanalysis.com/monitoring-signals/) Posted on by J.J. Butler ISA has been noting the real possibility the U.S. economy might see an increase to a still modest growth rate. Perhaps low consumer confidence is a good thing for the stock market ( Ryan Detrick ), by no means do the economy and stock… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [Optimistic Gas](https://independentstockanalysis.com/optimistic-gas/) Posted on by J.J. Butler Economy Shows Surprising Bounce: “Early-Year Progress Faces Headwinds, Though, as Washington Drama Still Spooks Many Businesses” Google the title at the WSJ . The case for optimism by Scott Grannis . “That figure was up from the low… Filed under [Natural Gas](https://independentstockanalysis.com/category/natural-gas/), [Premium](https://independentstockanalysis.com/category/premium/) ## [Middle Road](https://independentstockanalysis.com/middle-road/) Posted on by J.J. Butler Seems most of the peak oil crowd is unable to recognize how the energy landscape has changed ; they still say the world will be short of energy and hydrocarbons soon. The cornucopian’s forget the planet is finite. Meanwhile, world oil… Filed under [Energy](https://independentstockanalysis.com/category/energy/), [Oil](https://independentstockanalysis.com/category/oil/), [Premium](https://independentstockanalysis.com/category/premium/) ## [Investment Commentary](https://independentstockanalysis.com/investment-commentary/) Posted on by J.J. Butler Futures are higher because European policy makers agreed to steal 20% of Cyprus bank deposits above $100k Euro’s, staving off bank collapses. Global Investment Commentary from The Short Side Of Long . An in-depth look into 2013 by the… Filed under [Premium](https://independentstockanalysis.com/category/premium/) Posted on by J.J. Butler With a Cyprus resolution being the big deal this weekend and dominating the financial news, Bernanke looking to Get While the Gettin’ is Good ( Mish ) would otherwise be front page news. Sell on divergences ( JC Parets ) or buy on breakout levels ( Price Action Lab )? Sudden Rise in Home Demand… Filed under [Premium](https://independentstockanalysis.com/category/premium/) [Cyprus Tournament](https://independentstockanalysis.com/cyprus-tournament/) ## [Scaling In](https://independentstockanalysis.com/scaling-in/) Posted on by J.J. Butler It’s Do or Die time for Gold . For the last month we have chronicled the potential gold bottom. Either gold breaks and we calmly walk away, or we are still in the toehold of a historic rally. Regardless, speculators with starter a position… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [Energy Update](https://independentstockanalysis.com/energy-update/) Posted on by J.J. Butler In The Outlook for Energy: A View to 2040 . ExxonMobil says to think efficency. Canadian oil production is robust and at all-time highs. Financial Post 2 Trends Making Investors Money in the Canadian Energy Patch by the promotional Keith… Filed under [Energy](https://independentstockanalysis.com/category/energy/), [Premium](https://independentstockanalysis.com/category/premium/) ## [Strong Healing](https://independentstockanalysis.com/strong-healing/) Posted on by J.J. Butler Why China is Tunneling a Mind-Boggling 800 Miles in 2 Years by Frank Holmes . Signs of Global Healing by Humble Student . Is the Economy Stronger Than We Think? by Bonddad . “Residential investment and housing starts are usually the best… Filed under [Premium](https://independentstockanalysis.com/category/premium/) ## [QE Commodity’s](https://independentstockanalysis.com/qe-commoditys/) Posted on by J.J. Butler Mr. Market seem to take the Cyprus event in stride in impressive fashion. “During each of the first two quantitative easing phases carried out by the Fed, commodities appreciated by over 25%. However, following the announcement of QE3 in… Filed under [Premium](https://independentstockanalysis.com/category/premium/) [Continue through the complete archive →](https://independentstockanalysis.com/archive/)