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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 $ 501,686 $ (7,454,670) $ (11,487,686) $ (19,494,981)
Change in unrealized gain (loss) on open futures contracts (3,306,626) (11,706,590) 30,005,207 4,104,681
Dividend income 20,080 1,254 39,001 4,825
Interest income 77,074 11,401 196,097 24,345
ETF transaction fees 2,800 3,850 12,600 12,600
Total income (loss) (2,704,986) (19,144,755) 18,765,219 (15,348,530)
Expenses        
General Partner management fees (Note 3) 174,407 108,930 482,870 329,127
Professional fees 20,210 22,243 63,186 80,703
Brokerage commissions 4,869 5,205 17,285 15,370
Directors' fees and insurance 2,860 2,311 7,895 7,674
License fees 4,360 2,722 12,072 8,228
Total expenses 206,706 141,411 583,308 441,102
Net income (loss) $ (2,911,692) $ (19,286,166) $ 18,181,911 $ (15,789,632)
Net income (loss) per limited partnership share $ (0.59) $ (6.39) $ 1.75 $ (6.14)
Net income (loss) per weighted average limited partnership share $ (0.45) $ (5.78) $ 2.94 $ (5.25)
Weighted average limited partnership shares outstanding 6,411,413 3,335,870 6,190,511 3,007,143