Update#2.
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It definitely sounds like a belt hitting the timing cover
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i think you have to get the belts off first
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Remove alt and p/s belt and see if noise continues
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As you can see, everyone was suggesting to remove the drive belts first. For some reason I did not follow those advices.
So, today I went to autozone (had to walk almost 3 miles

) to rent a harmonic balancer puller. Unfortunately the original bolts that came in package were to big, so I had to walk to HomeDepot (another 2.8 miles). I spent a good 4 hours before I gathered everything to pull that f*** harmonic balancer pulley out. I took the power steering belt off, but before proceeding I decided to give a try and start the car with p/s belt off.....and to my biggest surprise the noise was GONE!!!



This DynaBelt brand belt was only 6000 miles old (it also started to squeak recently).
OMG, I am a real self-pita creator. I am already imagining how tricky the bottom dog-bone bracket bolts are. Anyways 2 things learned here:
1) Listen to what the people say;
2) Quit smoking cigarets
Thanks everyone for your suggestions