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That’s a lot of Guns - NICS checks up 45% in November

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This could be why you can't find any ammo...

....."One of the best indicators of firearms sales, the FBI’s National Instant Criminal Background Check System logged 3,602,296 checks in November, an increase of 41 percent over the figure of 2,545,863 for November 2019. In fact, it was the biggest November in the NICS program’s 21-year history.

However, when checks and rechecks for carry permits and the like are subtracted from that figure by the National Shooting Sports Foundation, leaving a more concrete number for over-the-counter checks on gun transfers conducted through federal firearms licensees, it yields 1,949,141 checks, which is an increase of 45.2 percent compared to the November 2019 NSSF-adjusted NICS figure of 1,342,155. 

When added to the rest of the year, the 2020 running total stands at some 19.1 million adjusted checks, dwarfing the 2016 annual record of 15.7 million checks, and the year still has another month to go before the books are closed. Of those checks, NSSF estimates that a whopping 7.7 million came from new first-time gun buyers. 

https://laststandonzombieisland.com/2020/12/03/thats-a-lot-of-guns/

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Here's some data that goes along with the OP. I love it when my defense and gun stocks make me more money. :good: :yahoo:

...."Shares of Smith & Wesson Brands Inc. rallied Friday, after the gun maker reported another big profit beat and sales that more than doubled, as demand for firearms continued to surge to record levels.

"In a post-earnings conference call with analysts, Chief Executive Mark Smith said the “second consecutive record-breaking quarter” came as federal background checks, which he said are considered the best available proxy for consumer firearm demand, were 57.5% above levels seen in the same period a year ago.

The stock has more than doubled (up 119.6%) in 2020, while the S&P 500 index has gained 14.3%.

“In October, we conducted an attitude and usage study of over 1,200 law-abiding firearm owners with the goal of gaining a better understanding of today’s firearm consumer,” Smith said on the analyst call, according to a FactSet transcript. “The research indicated that for those people who own firearms, the average number of firearms possessed was eight.”

And NSSF research indicated that about one in four new gun owners went on to buy additional firearms at higher prices than their first purchase.

https://www.marketwatch.com/story/smith-wessons-stock-jumps-on-another-big-profit-beat-amid-record-gun-demand-11607112618?mod=home-page

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