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Shares of gun stocks move higher after the Supreme Court strikes down the City of Chicago's ban...

Shares of gun stocks move higher after the Supreme Court strikes down the City of Chicago's ban on individual ownership of handguns, saying "self-defense is a basic right." SWHC +3.2%. RGR +1.7%.
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Comments (9)
  • dinamo7
    , contributor
    Comments (186) | Send Message
     
    some sanity. why do we have to get to this point where we have to have the obvious confirmed?
    28 Jun 2010, 12:56 PM Reply Like
  • dinamo7
    , contributor
    Comments (186) | Send Message
     
    sad that 4 justices dissented. they will not uphold even the clearest points of our constitution. we are hanging by a thread.
    28 Jun 2010, 01:24 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1928) | Send Message
     
    The police can only respond to crime after it happens, so in other words, you have to expose yourself to victimhood in order to get help. And even then, justice is often not equivalent to the crime committed.

     

    When seconds count, the police are only minutes away.

     

    Criminals, by definition, will not adhere to anti-gun legislation, so the only people penalized by gun bans are those citizens that would be most responsible in carrying them.

     

    No matter what though, the biggest impedement to combating crime is the creation of entire communities of people who receive the economic efforts of the productive segment of society without having to make sacrifice - in other words, welfare recipients. When a government puts up a block of 'social housing' units, they instantly create a cesspool of problems that good people have to constantly deal with. The ironic thing is that the people the government claims they are trying to help are those most hurt by such a development.
    28 Jun 2010, 01:03 PM Reply Like
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    Daily will now just hire more people to make gun possession a bureaucratic quagmire. No law will stand in the way of our fine mayor. Nor will any law stand in the way of our President, also from the Chicago mold. This is but a minor setback to those that have no plan to follow the law or Constitution.
    28 Jun 2010, 03:01 PM Reply Like
  • TraderD
    , contributor
    Comments (52) | Send Message
     
    If my city bans the individual ownership of hand guns, then I guess I'll just be a criminal !
    28 Jun 2010, 03:07 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6774) | Send Message
     
    The Supreme Court decision is good for guns--and gold.
    28 Jun 2010, 03:28 PM Reply Like
  • positivethoughts
    , contributor
    Comments (1928) | Send Message
     
    Why gold?
    28 Jun 2010, 03:39 PM Reply Like
  • phoneranger
    , contributor
    Comments (350) | Send Message
     
    It's pretty obvious why the Supreme Court decision is good for gold. With increased availability of guns, potential gold investors will be more confident that they will be able to protect their holdings from home invasion. (Obviously holding GLD or the physical at a bank will be of no value during a severe crisis). In addition, there is a good chance that this court will find the income tax, direct election of Senators and various civil rights laws unconstitutional. In that frame, it's not unrealistic to expect that they will outlaw fiat currencies as well. Good for gold and guns.

     

    It's of a piece.
    28 Jun 2010, 05:39 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6774) | Send Message
     
    You can better protect your gold if you don't have to worry about being arrested for owning a gun.
    28 Jun 2010, 05:42 PM Reply Like
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