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May 26, 2013 -- Updated December 19, 2012 13:33 HKT

American Christmas Shopping: Guns and Ammunition


paul@livetradingnews.com
Posted on: Dec 19th, 2012

American Christmas Shopping Guns and Ammunition

Americans fear weapons ban, buy Guns and Ammunition

US citizens by the 1000′s are going to their local gun stores to buy high-powered rifles and ammunition in a bid to thwart a potential assault weapons ban in the wake of last week’s Connecticut school massacre according to a report Tuesday.

At a Cincinnati gun show, “sales were through the roof Saturday,” Joe Eaton of Ohio’s Buckeye Firearms Association told the network. “People were buying everything they could out of fear the Obama will try to ban certain guns and high-capacity magazines.”

In Colorado, an official at Colorado Bureau of Investigation said the agency processed more than 4,200 background checks Saturday, the day after the shootings.

The Hot-selling model is the AR-15 (the AR-15 is a lightweight, 5.56 mm, magazine-fed, semi-automatic US military rifle) the same used by Adam Lanza along with the .223 ammo it uses.

More than 3-M Americans own AR-15s, which gun store owners say buyers like because “it’s the civilian version of the fearsome M-16 used by the US military,’’ according to a media report.

“You just see it and you want it,’’ gun store owner Michael Timlin said to a TV reporter. “It’s just the same reason why someone stays on line for 25 hrs to buy an Apple iPhone.”

As Americans hurried to arm themselves, several Newtown, Conn., residents drove Washington early Tuesday morning to meet with the Brady Campaign to Prevent Gun Violence, which has worked for years to reform the nation’s gun industry, according to a TV news report.

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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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