I don't have a crystal ball to tell the future, but I think you're going to have more chances to add FMG shares at cheaper levels. That's for ALL risk on assets, not just the miners, so have your "buy" wish list ready. My view is until that time comes, keep your powder dry. I say that because we're certainly closer to a market TOP and not a market BOTTOM.
I'm going to post a recent interview with David Hunter that I would in most part agree with. He's been accurate with his macro views to date. He sees us heading for a blow-off top and then a huge bust after that. Obviously you want to buy closer to the bottom and when blood is in the streets. He also speaks to where he thinks gold is headed, which is higher. I disagree with him that gold will rise when the market sells off AT LEAST IN THE SHORT RUN.
The gold price should reverse when interest rates begin dropping and the money printing cranks back up in a very big way. JMO