Gazprom: The 20-year cycle in gold has come to a close, +272.3%

Three years ago, we began tracking Gazprom’s shares in gold, and during that time, the synthetic position has completed a full cycle. In the summer, the stock hit a new all-time low amid yet another dividend suspension and a pause in negotiations on “Power of Siberia 2,” while in the fall, the market began discussing the possible return of Russian gas to Europe. We’ll break down the results of our forecast, the company’s latest financial reports, the wave structure, and the levels we’ll continue to monitor.