Today the price level reached what is considered the support level of $ 27.50 I had mentioned earlier as a stronger support level. Gold is at $ 1575.00. Strong support is at $ 1550.00. Can paper trading take it lower, that is left to be seen. Know that it is paper however.
Cypress news is an example of what can happen in economically troubled countries. I have seen where the government is gonna take 10 % of bank accounts and limit them on withdrawals. I have also read it may cost them 40 % or more also. The money in the know took their money out of the country. Link below
http://www.zerohedge.com/news/2013-04-01/list-released-132-names-who-pulled-cyprus-deposits-ahead-confiscation-day
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