XML 26 R8.htm IDEA: XBRL DOCUMENT v3.3.1.900
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net income (loss) $ (4,548,413) $ (3,971,981) $ 4,089,602
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
(Increase) decrease in commodity futures trading account - cash and cash equivalents 1,202,800 (4,576,085) 3,466,968
Unrealized (gain) loss on open futures contracts (2,497,914) 6,009,940 (1,996,630)
(Increase) decrease in receivable from General Partner (22,856) 34,314 (32,077)
(Increase) decrease in dividends receivable 96 425 (249)
(Increase) decrease in directors' fees and insurance receivable (85) (277) (688)
(Increase) decrease in ETF transaction fees receivable 350 (350) 0
Increase (decrease) in General Partner management fees payable (3,142) (7,276) (10,280)
Increase (decrease) in professional fees payable (5,108) (70,453) 25,229
Increase (decrease) in brokerage commissions payable 220 (1,027) (1,400)
Increase (decrease) in license fees payable (170) (372) (790)
Net cash provided by (used in) operating activities (5,874,222) (2,583,142) 5,539,685
Cash Flows from Financing Activities:      
Addition of partnership shares 11,863,149 4,169,264 5,962,931
Redemption of partnership shares (9,882,640) (11,987,259) (25,655,241)
Net cash provided by (used in) financing activities 1,980,509 (7,817,995) (19,692,310)
Net Increase (Decrease) in Cash and Cash Equivalents (3,893,713) (10,401,137) (14,152,625)
Cash and Cash Equivalents, beginning of year 15,113,447 25,514,584 39,667,209
Cash and Cash Equivalents, end of year $ 11,219,734 $ 15,113,447 $ 25,514,584