The U.S. Dollar Index is hanging just below 100, and a short-term bearish momentum signal appeared in its chart today suggesting that a correction could be imminent. Gold prices are down a bit ($1149 at 11:45 am EST) as are silver prices, but silver is remaining above its low of last week ($15.31) so our intermarket bullish divergence signal remains intact. As I suggested in last night's blog, I am going to enter a long position in gold before the FOMC meeting minutes are released in anticipation of a possible gold reversal to the upside. We can set a stop loss for this trade on a break below $1140 and/or silver breaking below $15.31 (which would negate the bullish divergence signal). if gold does turn south, the maximum loss here would be less than 1% which gives us a very good risk/reward ratio. Also, since we are trading intraday there is no risk of a gap down breaching our stop loss point. Entering a long position in gold today at 12:05 pm. Remaining out of silver for now.