|
Statements of Cash Flows (USD $)
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Cash Flows from Operating Activities: |
|
|
|
| Net income |
$ 2,960,747 |
$ 14,177,152 |
$ 13,971,992 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| (Increase) decrease in commodity futures trading account - cash and cash equivalents |
3,116,655 |
(708,465) |
(1,892,781) |
| Unrealized (gain) loss on futures contracts |
9,790 |
2,121,382 |
(1,464,309) |
| (Increase) decrease in receivable from General Partner |
1,670 |
(35,393) |
162,831 |
| (Increase) decrease in dividend receivable |
771 |
(707) |
864 |
| (Increase) decrease in interest receivable |
0 |
26 |
(26) |
| Decrease in other assets |
47,315 |
20,099 |
9,501 |
| Increase (decrease) in investment payable |
0 |
(33) |
33 |
| Increase (decrease) in professional fees payable |
(50,214) |
35,885 |
(134,868) |
| Increase (decrease) in General Partner management fees payable |
(4,341) |
(5,775) |
5,557 |
| Increase (decrease) in brokerage commissions payable |
(625) |
(967) |
1,130 |
| Increase (decrease) in other liabilities |
(160) |
(1,201) |
297 |
| Net cash provided by operating activities |
6,081,608 |
15,602,003 |
10,660,221 |
| Cash Flows from Financing Activities: |
|
|
|
| Addition of partnership shares |
19,597,900 |
87,043,567 |
90,155,234 |
| Redemption of partnership shares |
(29,886,964) |
(114,382,329) |
(94,034,712) |
| Net cash used in financing activities |
(10,289,064) |
(27,338,762) |
(3,879,478) |
| Net Increase (Decrease) in Cash and Cash Equivalents |
(4,207,456) |
(11,736,759) |
6,780,743 |
| Cash and Cash Equivalents, beginning of year |
56,400,613 |
68,137,372 |
61,356,629 |
| Cash and Cash Equivalents, end of year |
$ 52,193,157 |
$ 56,400,613 |
$ 68,137,372 |