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Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Investment Income:        
Interest $ 57,392 $ 73,513 $ 123,178 $ 183,856
Total Investment Income 57,392 73,513 123,178 183,856
Expenses:        
Management fees 631,736 785,305 1,320,011 1,559,406
Brokerage commissions 42,716 45,188 83,938 85,276
Custodian's fees and expenses 32,769 31,605 59,045 35,442
Trustees' fees and expenses 25,111 27,500 56,361 60,625
Professional fees 119,326 53,888 217,903 138,195
Shareholder reporting expense 39,680 53,382 71,088 110,305
Other expenses 6,982 7,888 11,343 19,247
Total expenses 898,320 1,004,756 1,819,689 2,008,496
Net investment income (loss) (840,928) (931,243) (1,696,511) (1,824,640)
Net realized gain (loss) from:        
Short-term investments   10,899 (652) 10,899
Futures contracts (22,226,328) (7,066,543) (16,939,576) 18,030,482
Call options written 1,659,694 2,963,912 4,236,174 5,357,510
Change in net unrealized appreciation (depreciation) of:        
Short-term investments (4,822) 10,559 (28,176) (7,586)
Futures contracts 7,190,243 (9,779,337) 7,710,570 (22,956,284)
Call options written (1,352,546) (134,460) (1,709,545) 2,364,079
Net realized gain (loss) and change in net unrealized appreciation (depreciation) (14,733,759) (13,994,970) (6,731,205) 2,799,100
Net income (loss) $ (15,574,687) $ (14,926,213) $ (8,427,716) $ 974,460
Net income (loss) per weighted-average share $ (1.69) $ (1.61) $ (0.91) $ 0.11
Weighted-average shares outstanding 9,219,240 9,267,040 9,219,589 9,267,040