When I can sell an AK in the parking lot of a gun show fror 1200 bucks and I paid 200 for it, thats a panic, plain and simple. I did give him 2 30 rounders and the toad sticker too.....
It's coming back, slowly. I mentioned in another thread that I got Sierra's from Graf's and Sinclair and Hornady Vmax in 22 caliber from Widners, none of them were in stock but shipped in 3 weeks.
Keep in mind that Hogdon Powder isn't made here, just packaged here. It comes from Oz so it has to ship in, in an overseas container so a run on Hogdon powder will take some time to work through.
I watched people at Cabelas literally empty the shelves of factory loads, I saw one idiot with a shopping cart loaded with 223's, I thought the cart was going to break. Thats crazy. I tell people, it only takes one.
I think what will happen is the ammunition market will have a flood of paid for but not needed ammo sold in gun shops and on Craigslist for cheap in about a year.