Just an update on the madness out here:
I finally cleared the background check (after two days) and picked up my new Colt LE6920 at the local gun shop. They allowed me to purchase 100 rounds of .223 only because I had purchased a firearm from them. Their ammo shelves were nearly bare of that caliber - and most everything else.
I was told they are now paying around $2,400 for the firearm I paid $1,800 for three days earlier - and selling it for $2,800. If they can get them at all. No manufacturers are accepting orders.
Ammo in .223/5.56 is not available on line at any site I investigated. A friend embarked on a five-hour round-trip to try and score 1,000 rounds of professionally re-loaded ammo to divide between three or four of us.
I've heard that some Walmarts are still stocked (but don't have one nearby), and there are undoubtedly pockets of supply - but this scarcity and uncertainty seem unprecedented. Is it just me?