I have worked in Retail Banking all my career and cannot see the banks lowering rates any further, despite what the RBA does next year. Rates will stay on hold and if the housing market continues to decline, all the banks will do is loosen their lending criteria, put more people in the market which will then drive up house prices. I personally don't think this will happen until late 2019 which means if POG continues up in the ST, we should see some serious movement back well above $3 in the next 6-9 months. Even if that happens, I will be keeping my golden eggsfor a few years to come, perhaps even wait for the first dividend???? 2020-21????IMHO
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