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Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income (loss) $ 26,763,267 $ (15,190,394) $ 15,451,090
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Unrealized (gain) loss on open futures contracts (7,451,120) 11,877,420 (3,255,030)
(Increase) decrease in receivable from General Partner 1,610 249,791 (141,688)
(Increase) decrease in dividends receivable (8,304) (821) (6,613)
(Increase) decrease in interest receivable (3,515) 8,188 (9,575)
(Increase) decrease in prepaid insurance (588) (527) (311)
(Increase) decrease in ETF transaction fees receivable 0 350 350
Increase (decrease) in General Partner management fees payable 2,391 (11,475) (12,926)
Increase (decrease) in professional fees payable (72,583) (52,980) 135,701
Increase (decrease) in brokerage commissions payable 0 (2,500) (1,860)
Increase (decrease) in directors' fees payable 349 778 255
Net cash provided by (used in) operating activities 19,231,507 (3,122,170) 12,159,393
Cash Flows from Financing Activities:      
Addition of partnership shares 17,034,820 41,996,934 40,082,469
Redemption of partnership shares (32,720,529) (51,328,625) (71,195,236)
Net cash provided by (used in) financing activities (15,685,709) (9,331,691) (31,112,767)
Cash and Cash Equivalents, Period Increase (Decrease). 3,545,798 (12,453,861) (18,953,374)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period 80,057,642 92,511,503 111,464,877
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period $ 83,603,440 $ 80,057,642 $ 92,511,503