What ETF will allow me to Short Vega on Gold?

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

 

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.

 

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

 

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)?