Der SchiffMeister discusses the latest bear market rally affecting world stock markets, which he believes is simply a reaction to all the inflating being carried out by the world's central banks.
Although he believes that most markets will probably not achieve new nominal lows, because of these inflationary effects pushing up nominal fiat currency prices, they have all yet to achieve new lows when priced in gold.
Conclusion? Go on, guess, before you watch the video! ;-)