XML 23 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ 112,993 $ 50,826
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Unrealized (gain) loss on open futures contracts (104,608) (407,377)
(Increase) decrease in receivable from General Partner (20,976) (17,762)
(Increase) decrease in dividends receivable 1,600 (272)
(Increase) decrease in interest receivable (206) (276)
(Increase) decrease in directors' fees and insurance receivable 0 66
(Increase) decrease in ETF transaction fees receivable 0 (350)
(Increase) decrease in other assets (706) 0
Increase (decrease) in payable due to Broker (81,581) 0
Increase (decrease) in General Partner management fees payable (645) (1,151)
Increase (decrease) in professional fees payable (13,919) (19,044)
Increase (decrease) in brokerage commissions payable 0 (250)
Increase (decrease) in directors' fees and insurance payable (566) 157
Increase (decrease) in license fees payable 216 (34)
Net cash provided by (used in) operating activities (108,398) (395,467)
Cash Flows from Financing Activities:    
Addition of partnership shares 0 0
Redemption of partnership shares (1,032,818) (953,475)
Net cash provided by (used in) financing activities (1,032,818) (953,475)
Net Increase (Decrease) in Cash and Cash Equivalents (1,141,216) (1,348,942)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 5,763,922 8,918,876
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period $ 4,622,706 $ 7,569,934