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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) | $ (5,508,027) | $ 1,721,955 | $ 29,373,365
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |
Unrealized (gain) loss on open futures contracts | 26,844,760 | 6,205,208 | (37,249,404)
(Increase) decrease in dividends receivable | 15,874 | (5,975) | (10,590)
(Increase) decrease in interest receivable | 1,530 | (2,694) | 0
Increase (decrease) in payable due to Broker | (7,565,281) | (7,547,510) | 15,112,791
Increase (decrease) in General Partner management fees payable | (18,959) | (17,694) | 30,247
Increase (decrease) in professional fees payable | (17,856) | 64,802 | (73,070)
Increase (decrease) in brokerage commissions payable | (3,940) | 0 | 2,200
Increase (decrease) in directors' fees and insurance payable | (643) | (425) | 697
Increase (decrease) in license fees payable | (1,572) | (2,320) | 2,276
Net cash provided by (used in) operating activities | 13,745,886 | 415,347 | 7,188,512
Cash Flows from Financing Activities: |  |  |
Addition of partnership shares | 0 | 22,440,164 | 56,075,976
Redemption of partnership shares | (35,247,245) | (58,996,025) | (29,595,130)
Net cash provided by (used in) financing activities | (35,247,245) | (36,555,861) | 26,480,846
Net Increase (Decrease) in Cash and Cash Equivalents | (21,501,359) | (36,140,514) | 33,669,358
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of year | 88,230,084 | 124,370,598 | 90,701,240
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of year | $ 66,728,725 | $ 88,230,084 | $ 124,370,598

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