Sure. Just a reminder, I'm not against guns and I think the Assault Weapons Ban is completely stupid. I also think a bit of regulation isn't the end of the world.
So the typical argument from the pro-gun ownership side is (condensed for simplicity): The constitution gives us the right to bear arms. The Founding Fathers put that in there for a reason. Increased regulation infringes on the second amendment right. This argument weighs strongly on the intent of the Founding Fathers and usually ignores the fact that we can update the constitution (end slavery, prohibition, cancel prohibition, voting rights for women, etc.). Why do I say it weighs strongly on the intent? Because whenever the pro-gun control side says "how 'bout some more regulations?", the pro gun side says "No! That's not what the second amendment says" (ignoring the first half of the amendment), as opposed to "that would require a new amendment to clarify what the 2nd means and that would require 2/3s of the states to agree, but sure, have at it".
The constitution (the original document and the 17th amendment) make clear that the people should decide their representation. Being for term limits means that you are okay with changing the constitution (and the original intent of the Founders). By that same logic, even if you don't agree with it, you should be okay with attempting to regulate gun ownership through legislation (that the courts can then weigh in on) or through amendment.