In the spirit of not suffering from confirmation bias, in today’s Notes we will try to make the bearish case against gold. So before you storm Notes HQ in Buenos Aires craving blood, hear us out. Many of our staff here love gold and have long term holdings.

Since the Obama administration took office in January, we’ve seen hundreds of billions pumped into the economy and the U.S. budget deficit now forecast to top the one trillion-dollar mark in the coming years. Many believe it’s only a matter of time before we also see much higher inflation – perhaps even hyper-inflation.

Deja vu all over again… are stocks just following the 2008 playbook?… Bill Jenkins shares his favorite global currency… Gold bugs beware: Gold chart forecasts a sell-off… Yet league of famous funds (and Chris Mayer) are buying up gold stocks… Plus, are we reading this right? A bank bails out the government?

Another sure sign that inflation is a clear and present danger is the recent rise in oil prices. Wednesday, crude oil set its 2009 high at $54.83 in New York intraday trading.

Let me start off with a morsel of clarification. I don’t hate gold. I own it, or more accurately, an interest in gold via gold mining shares.

With food prices on the rise, the price of gold will drive. Martin Hutchinson of Money Morning says, “As gold goes up, it gets more popular and investors start piling into it…” Here are five ways to play bottom-basement gold.

Gold may not be the sexiest or most thrilling investment out there. But we don’t invest to entertain ourselves. When the markets go haywire, you need to take action to protect what you have earned.

Look at the economic goings-on that take place on this, the third rock from the Sun…The Dow is up again – could this be the beginning of a major rally?…pinning hopes on a stimulus package…much talk of cutting taxes, but not of cutting spending…Find a premise that is wrong, and bet against it…for gold bugs, it’s now or never…and more!

The currency markets reaction to the Federal Reserve’s recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar.

Gold hit two historic milestones in 2008. First, in early March, the “yellow metal” hit its all-time high of $1,030 an ounce. Just three months later, the price of gold for December delivery had plummeted to $681 an ounce, a 21-month low and 33.9% drop from its record high. Most gold bugs were equal parts puzzled and broken-hearted.