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Statements of Financial Condition - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents (Notes 2 and 5) $ 61,380,282 $ 33,464,533
Equity in trading accounts:    
Cash and cash equivalents 29,320,958 19,785,491
Unrealized gain (loss) on open commodity futures contracts (19,971,629) (17,096,060)
Receivable for shares sold 0 1,329,738
Dividends receivable 204 640
ETF transaction fees receivable 0 350
Total assets 70,729,815 37,484,692
Liabilities and Partners' Capital    
General Partner management fees payable (Note 3) 34,039 17,971
Professional fees payable 153,445 230,056
Brokerage commissions payable 5,162 2,012
Directors' fees and insurance payable 742 16
License fees payable 2,830 1,712
Total liabilities $ 196,218 $ 251,767
Commitments and Contingencies (Notes 3, 4 and 5)
Partners' Capital    
General Partner $ 0 $ 0
Limited Partners 70,533,597 37,232,925
Total Partners' Capital 70,533,597 37,232,925
Total liabilities and partners' capital $ 70,729,815 $ 37,484,692
Limited Partners' shares outstanding 4,150,000 1,400,000
Net asset value per share $ 17 $ 26.59
Market value per share $ 17.02 $ 26.82