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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income (loss) $ 110,037,462 $ (193,443,975) $ 98,732,182
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Unrealized (gain) loss on open futures contracts 122,742,937 (18,286,173) 63,973,835
(Increase) decrease in dividends receivable (61,099) (2,090) (14,212)
(Increase) decrease in interest receivable 1,903 (11,573) 0
(Increase) decrease in directors' fees and insurance receivable 0 0 26,732
(Increase) decrease in prepaid registration fees 83,258 29,526 404,792
(Increase) decrease in ETF transaction fees receivable 1,000 0 0
Increase (decrease) in payable due to Broker 0 (44,770,339) 3,906,389
Increase (decrease) in General Partner management fees payable (131,834) 9,112 53,400
Increase (decrease) in professional fees payable (28,822) 455,541 (713,180)
Increase (decrease) in brokerage commissions payable (36,500) (12,400) 1,450
Increase (decrease) in directors' fees and insurance payable (7,947) 2,928 5,417
Increase (decrease) in license fees payable (8,116) (7,138) (1,954)
Net cash provided by (used in) operating activities 232,592,242 (256,036,581) 166,374,851
Cash Flows from Financing Activities:      
Addition of partnership shares 1,744,841,011 1,786,316,120 726,382,450
Redemption of partnership shares (2,269,580,373) (1,446,127,327) (803,743,255)
Net cash provided by (used in) financing activities (524,739,362) 340,188,793 (77,360,805)
Net Increase (Decrease) in Cash and Cash Equivalents (292,147,120) 84,152,212 89,014,046
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of year 651,938,294 567,786,082 478,772,036
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of year $ 359,791,174 $ 651,938,294 $ 567,786,082