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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Gain (loss) on trading of commodity futures contracts:        
Realized gain (loss) on closed futures contracts $ (231,598) $ (696,645) $ (2,808,405) $ (5,095,785)
Change in unrealized gain (loss) on open futures contracts (453,152) (1,179,075) 3,425,855 2,579,334
Dividend income 2,506 740 6,685 2,180
Interest income 9,059 826 23,986 2,048
ETF transaction fees 0 1,050 1,050 5,600
Total income (loss) (673,185) (1,873,104) 649,171 (2,506,623)
Expenses        
General Partner management fees (Note 3) 27,045 28,510 73,865 94,549
Professional fees 32,673 26,422 84,943 74,624
Brokerage commissions 771 1,078 2,601 4,822
Directors' fees and insurance 411 715 2,469 2,493
License fees 541 570 1,477 1,891
Total expenses 61,441 57,295 165,355 178,379
Expense waiver (Note 3) (28,986) (23,085) (76,717) (64,848)
Net expenses 32,455 34,210 88,638 113,531
Net income (loss) $ (705,640) $ (1,907,314) $ 560,533 $ (2,620,154)
Net income (loss) per limited partnership share $ (0.5) $ (1.54) $ 0.42 $ (2.41)
Net income (loss) per weighted average limited partnership share $ (0.5) $ (1.56) $ 0.41 $ (1.99)
Weighted average limited partnership shares outstanding 1,400,000 1,224,457 1,378,467 1,316,484