What ETF will allow me to Short Vega on Gold?

[larryg003]

I don't want to short vol using options. Is there an ETF on Gold that derives its price from the volatility of the Gold prices and not actually from the actual returns on Gold? I want to eliminate market direction and focus on vol.

Thanks

-Larry

 

[nfamousyoungest]

http://www.cboe.com/micro/gvz/introduction.aspx

 

[Rodney King]

Quote from nfamousyoungest:

http://www.cboe.com/micro/gvz/introduction.aspx

GVZ is an index, not an ETF.

OP might be interested instead in <i>futures</i> on GVZ http://www.foxbusiness.com/markets/2010/09/21/cme-plans-q-launch-oil-gold-volatility-futures/ if/when they become liquid.

 

[nfamousyoungest]

Quote from Rodney King:

GVZ is an index, not an ETF.

OP might be interested instead in <i>futures</i> on GVZ http://www.foxbusiness.com/markets/2010/09/21/cme-plans-q-launch-oil-gold-volatility-futures/ if/when they become liquid.

Yes, the link I posted would lead you in the right direction and is a good introduction.

 

[nazzdack]

Quote from larryg003:
----I don't want to short vol using options.
----I want to eliminate market direction and focus on vol.

Because of the general inverse relationship between the trend of gold prices and the trend of gold's implied volatility, wouldn't you be better off using gold options to create/structure your trade(s)?