Bull Market For Bullets

The ongoing debate over stricter gun control measures in the wake of the Dec. 14 massacre at the Sandy Hook Elementary School in Newtown, Conn., has prompted millions of gun enthusiasts to buy more guns and ammunition.

Public meetings and congressional hearings on proposals to ban assault-type rifles, limit magazines for semi-automatic rifles and pistols to 10 rounds and institute universal background checks, have caused a run on wholesale and retail firearms, ammunition and accessories.

President Barack Obama addressed gun control in his State of the Union speech Tuesday and spoke to the media Friday about the fatal shooting of a young girl from his hometown of Chicago who had marched as a drum majorette in his inauguration parade.

One result of the focus on gun control is an ongoing shortage of ammunition for consumers and some law enforcement agencies.

Read more:  http://readingeagle.com/article.aspx?id=453211

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