by Tyler Durden Fri, 10/30/2020 – 18:20
Authored by MN Gordon via EconomicPrism.com,
On Wednesday, while the broad stock market was getting shellacked, and companies like Everbridge, Bed Bath & Beyond, and Dynatrace were suffering double digit freefalls, something else was going on. Gold and silver were also getting shellacked.
But it wasn’t all crash and burn. First Solar, Rolls-Royce Holdings, and CoreLogic all notched double digit gains. The dollar, as measured by the dollar index, gold, silver, and most stocks, was also up. And something else was up too…
Most investors likely didn’t notice that American firearm manufacturer Sturm, Ruger & Company managed to eke out a small return. Why would they? A return of 0.43 percent is nothing to write home about.
Nonetheless, we contend that Ruger’s modest gain in the face of a massive selloff is something that should get the attention of investors. It’s something that should also get the attention of non-investors. Guns are in high demand. So is ammo.
Naturally, guns and ammo should be in high demand. They are useful. Sometimes they are especially useful. And right now happens to be one of those times.
Without question something wicked is brewing. Politicians, academics, and the media have been fermenting public divisions for decades. Now a volatile cocktail of rage threatens to blow its top off sometime on or shortly after election day. People are gunning up just in case the chaos – something more than things that go bump in the night – arrives at their doorstep.
What to make of it…
“Death to America!”
The weather may have cooled down. But the populace still burns hot. Factions and fanatics look for any excuse to destroy public usufructs. And they don’t have to look far to find one.
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