##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 30, 2010
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File number: 000-53764
 SUPERFUND GOLD, L.P.
 
  Delaware
    
    98-0574019 (Series A); 98-0574020 (Series B)(State or other jurisdiction 
of incorporation or organization)
    
    (I.R.S. Employer Identification No.)
 Superfund Office Building 
P.O. Box 1479
Grand Anse 
St. Georges, Grenada 
West Indies
    
    Not applicable(Address of principal executive offices)
    
    (Zip Code)
 (473) 439-2418
 
  Not applicable
 
  þ o
 o o
  Large Accelerated Filer o
    
    Accelerated Filer o
    
    Non-Accelerated Filer o
    
    Smaller Reporting Company þ(Do not check if a smaller reporting company)
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##### 



PART I  FINANCIAL INFORMATION
 ITEM 1. FINANCIAL STATEMENTS
  PageUnaudited Financial Statements: Superfund Gold, L.P.Statements of Assets and Liabilities as of September 30, 2010 and December 31, 2009
    
    
    3Condensed Schedule of Investments as of September 30, 2010
    
    
    4Condensed Schedule of Investments as of December 31, 2009
    
    
    5Statements of Operations for the Three Months Ended September 30, 2010 and September 30, 2009 and
the Nine Months Ended September 30, 2010 and September 30, 2009
    
    
    6Statements of Changes in Net Assets for the Nine Months Ended September 30, 2010 and September
30, 2009
    
    
    7Statements of Cash Flows for the Nine Months Ended September 30, 2010 and September 30, 2009
    
    
    8EX-31.1EX-31.2EX-32.1EX-32.2
  PageUnaudited Financial Statements: Superfund Gold, L.P.  Series AStatements of Assets and Liabilities as of September 30, 2010 and December 31, 2009
    
    
    9Condensed Schedule of Investments as of September 30, 2010
    
    
    10Condensed Schedule of Investments as of December 31, 2009
    
    
    11Statements of Operations for the Three Months Ended September 30, 2010 and September 30, 2009 and
the Nine Months Ended September 30, 2010 and September 30, 2009
    
    
    12Statements of Changes in Net Assets for the Nine Months Ended September 30, 2010 and September
30, 2009
    
    
    13Statements of Cash Flows for the Nine Months Ended September 30, 2010 and September 30, 2009
    
    
    14
 PageUnaudited Financial Statements: Superfund Gold, L.P.  Series BStatements of Assets and Liabilities as of September 30, 2010 and December 31, 2009
    
    
    15Condensed Schedule of Investments as of September 30, 2010
    
    
    16Condensed Schedule of Investments as of December 31, 2009
    
    
    17Statements of Operations for the Three Months Ended September 30, 2010 and
September 30, 2009 and
the Nine Months Ended September 30, 2010 and September 30, 2009
    
    
    18Statements of Changes in Net Assets for the Nine Months Ended September 30, 2010
and September 30, 2009
    
    
    19Statements of Cash Flows for the Nine Months Ended September 30, 2010 and
September 30, 2009
    
    
    20Notes to Unaudited Financial Statements Dated September 30, 2010
    
    
    21-38
 2




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SUPERFUND GOLD, L.P.
 
 UNAUDITED STATEMENTS OF ASSETS AND LIABILITIES
 as of September 30, 2010 and December 31, 2009
 September 30, 2010
    
    
    December 31, 2009ASSETSU.S. Government securities, at fair value,
(amortized cost of $6,848,563 and $5,999,748 as of
September 30, 2010, and December 31, 2009, respectively)
    
    $
    6,848,563
    
    
    $
    5,999,748Due from brokers
    
    
    6,865,368
    
    
    
    6,301,154Futures contracts purchased
    
    
    3,610,999
    
    
    
    Unrealized appreciation on open forward contracts
    
    
    289,052
    
    
    
    81,845Futures contracts sold
    
    
    53,595
    
    
    
    Cash
    
    
    3,292,331
    
    
    
    2,672,099Due from affiliate
    
    
    5,599
    
    
    
    Total assets
    
    
    20,965,507
    
    
    
    15,054,846LIABILITIESUnrealized depreciation on open forward contracts
    
    
    104,849
    
    
    
    154,871Futures contracts purchased
    
    
    
    
    
    
    818,974Redemptions payable
    
    
    169,959
    
    
    
    9,890Subscription received in advance
    
    
    751,450
    
    
    
    1,864,130Futures contracts sold
    
    
    
    
    
    
    7,812Management fees payable
    
    
    37,695
    
    
    
    22,891Incentive fees
    
    
    1,658
    
    
    
    Fees payable
    
    
    35,885
    
    
    
    22,346Total liabilities
    
    
    1,101,496
    
    
    
    2,900,914NET ASSETS
    
    $
    19,864,011
    
    
    $
    12,153,932
  3




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##### Table of Contents



SUPERFUND GOLD, L.P.
 
 UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS
 as of September 30, 2010
 Percentage ofFace Value
    
    
    Net Assets
    
    
    Fair ValueDebt Securities United States, at fair valueUnited States Treasury Bills due November 26, 2010
(amortized cost $6,848,563), securities are held in
margin accounts as collateral for open futures and forwards
    
    $
    6,850,000
    
    
    
    34.5
    %
    
    $
    6,848,563Forward contracts, at fair valueUnrealized appreciation on forward contractsCurrency
    
    
    
    
    
    
    1.5
    
    
    
    289,052Total unrealized appreciation on forward contracts
    
    
    
    
    
    
    1.5
    
    
    
    289,052Unrealized depreciation on forward contractsCurrency
    
    
    
    
    
    
    (0.5
    )
    
    
    (104,849
    )Total unrealized depreciation on forward contracts
    
    
    
    
    
    
    (0.5
    )
    
    
    (104,849
    )Total forward contracts, at fair value
    
    
    
    
    
    
    1.0
    
    
    
    184,203Futures contracts, at fair valueFutures contracts purchasedCurrency
    
    
    
    
    
    
    1.8
    
    
    
    360,227Energy
    
    
    
    
    
    
    1.2
    
    
    
    229,343Financial
    
    
    
    
    
    
    0.3
    
    
    
    51,738Food & Fiber
    
    
    
    
    
    
    1.3
    
    
    
    255,632Indices
    
    
    
    
    
    
    0.4
    
    
    
    81,400Livestock
    
    
    
    
    
    
    0.1
    
    
    
    12,310Metals136 contracts of CMX Gold expiring December 2010
    
    
    
    
    
    
    10.4
    
    
    
    2,063,660Other
    
    
    
    
    
    
    2.8
    
    
    
    556,689Total Metals
    
    
    
    
    
    
    13.2
    
    
    
    2,620,349Total futures contracts purchased
    
    
    
    
    
    
    18.3
    
    
    
    3,610,999Futures contracts soldEnergy
    
    
    
    
    
    
    0.5
    
    
    
    105,210Financial
    
    
    
    
    
    
    (0.3
    )
    
    
    (56,673
    )Food & Fiber
    
    
    
    
    
    
    (0.0)
    *
    
    
    (1,483
    )Metals
    
    
    
    
    
    
    0.0
    *
    
    
    6,541Total futures contracts sold
    
    
    
    
    
    
    0.2
    
    
    
    53,595Total futures contracts, at fair value
    
    
    
    
    
    
    18.5
    %
    
    $
    3,664,594Futures and forward contracts by country compositionAustralia
    
    
    
    
    
    
    0.6
    
    
    
    126,794European Monetary Union
    
    
    
    
    
    
    (0.1
    )
    
    
    (26,871
    )Great Britain
    
    
    
    
    
    
    0.0
    
    
    
    2,965Japan
    
    
    
    
    
    
    0.5
    
    
    
    106,049United States
    
    
    
    
    
    
    16.2
    
    
    
    3,225,554Other
    
    
    
    
    
    
    2.1
    
    
    
    414,306Total futures and forward contracts by country
    
    
    
    
    
    
    19.4
    %
    
    $
    3,848,797
 
 *
    
    Due to rounding  4




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##### Table of Contents



SUPERFUND GOLD, L.P.
 
 UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS
 as of December 31, 2009
 Percentage ofFace Value
    
    
    Net Assets
    
    
    Fair ValueDebt Securities United States, at fair valueUnited States Treasury Bills due February 25, 2010
(amortized cost $5,999,748), securities are held in margin
accounts as collateral for open futures and forwards$
    6,000,000
    
    
    
    49.4
    %
    
    $
    5,999,748Forward contracts, at fair valueUnrealized appreciation on forward contractsCurrency
    
    
    
    
    
    
    0.7
    
    
    
    81,845Total unrealized appreciation on forward contracts
    
    
    
    
    
    
    0.7
    
    
    
    81,845Unrealized depreciation on forward contractsCurrency
    
    
    
    
    
    
    (1.3
    )
    
    
    (154,871
    )Total unrealized depreciation on forward contracts
    
    
    
    
    
    
    (1.3
    )
    
    
    (154,871
    )Total forward contracts, at fair value
    
    
    
    
    
    
    (0.6
    )
    
    
    (73,026
    )Futures contracts, at fair valueFutures contracts purchasedCurrency
    
    
    
    
    
    
    (0.8
    )
    
    
    (96,686
    )Energy
    
    
    
    
    
    
    0.5
    
    
    
    57,516Financial
    
    
    
    
    
    
    (0.8
    )
    
    
    (93,811
    )Food & Fiber
    
    
    
    
    
    
    1.3
    
    
    
    152,043Indices
    
    
    
    
    
    
    2.1
    
    
    
    257,035Metals104 contracts of CMX Gold expiring February 2010
    
    
    
    
    
    
    (8.8
    )
    
    
    (1,069,890
    )Other
    
    
    
    
    
    
    (0.2
    )
    
    
    (25,181
    )Total Metals
    
    
    
    
    
    
    (9.0
    )
    
    
    (1,095,071
    )Total futures contracts purchased
    
    
    
    
    
    
    (6.7
    )
    
    
    (818,974
    )Futures contracts soldEnergy
    
    
    
    
    
    
    (0.0)
    *
    
    
    (5,650
    )Food & Fiber
    
    
    
    
    
    
    (0.1
    )
    
    
    (17,813
    )Indices
    
    
    
    
    
    
    (0.0)
    *
    
    
    (3,170
    )Livestock
    
    
    
    
    
    
    (0.1
    )
    
    
    (9,190
    )Financial
    
    
    
    
    
    
    0.2
    
    
    
    28,011Total futures contracts sold
    
    
    
    
    
    
    (0.0)
    *
    
    
    (7,812
    )Total futures contracts, at fair value
    
    
    
    
    
    
    (6.7)
    %
    
    $
    (826,786
    )Futures and forward contracts by country compositionAustralian
    
    
    
    
    
    
    0.1
    
    
    
    17,853European Monetary Union
    
    
    
    
    
    
    (0.4
    )
    
    
    (45,043
    )Great Britain
    
    
    
    
    
    
    0.1
    
    
    
    14,810Japan
    
    
    
    
    
    
    0.3
    
    
    
    37,973United States
    
    
    
    
    
    
    (7.8
    )
    
    
    (953,468
    )Other
    
    
    
    
    
    
    0.2
    
    
    
    28,063Total futures and forward contracts by country
    
    
    
    
    
    
    (7.5)
    %
    
    $
    (899,812
    )
 
 *
    
    Due to rounding  5




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SUPERFUND GOLD, L.P.
 
 UNAUDITED STATEMENTS OF OPERATIONS
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009*Investment incomeInterest income
    
    $
    5,834
    
    
    $
    1,427
    
    
    $
    6,886
    
    
    $
    2,280Other Income
    
    
    
    
    
    
    
    
    
    
    5,599
    
    
    
    Total income
    
    
    5,834
    
    
    
    1,427
    
    
    
    12,485
    
    
    
    2,280ExpensesBrokerage commissions
    
    
    108,708
    
    
    
    46,844
    
    
    
    360,940
    
    
    
    74,560Management fee
    
    
    98,218
    
    
    
    46,193
    
    
    
    285,529
    
    
    
    71,287Incentive fee
    
    
    1,658
    
    
    
    4,213
    
    
    
    31,461
    
    
    
    4,213Selling commission
    
    
    60,660
    
    
    
    31,945
    
    
    
    184,041
    
    
    
    48,004Operating expenses
    
    
    32,739
    
    
    
    15,399
    
    
    
    95,176
    
    
    
    23,763Other
    
    
    753
    
    
    
    701
    
    
    
    1,609
    
    
    
    1,803Total expenses
    
    
    302,736
    
    
    
    145,295
    
    
    
    958,756
    
    
    
    223,630Net investment loss
    
    
    (296,902
    )
    
    
    (143,868
    )
    
    
    (946,271
    )
    
    
    (221,350
    )Realized and unrealized gain (loss) on
investmentsNet realized gain (loss) on futures
and forward contracts
    
    
    126,903
    
    
    
    (245,945
    )
    
    
    367,343
    
    
    
    (469,631
    )Net change in unrealized appreciation
on futures and forward contracts:
    
    
    2,285,571
    
    
    
    1,294,760
    
    
    
    4,748,609
    
    
    
    1,186,130Net gain on investments
    
    
    2,412,474
    
    
    
    1,048,815
    
    
    
    5,115,952
    
    
    
    716,499Net increase in net assets from operations
    
    $
    2,115,572
    
    
    $
    904,947
    
    
    $
    4,169,681
    
    
    $
    495,149
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 6




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SUPERFUND GOLD, L.P.
 
 UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS
 Nine Months EndedSeptember 30,2010
    
    
    2009*Increase in net assets from operationsNet investment loss
    
    $
    (946,271
    )
    
    $
    (221,350
    )Net realized gain (loss) on futures and forward contracts
    
    
    367,343
    
    
    
    (469,631
    )Net change in unrealized appreciation on futures and forward contracts
    
    
    4,748,609
    
    
    
    1,186,130Net increase in net assets from operations
    
    
    4,169,681
    
    
    
    495,149Capital share transactionsIssuance of Units
    
    
    8,354,127
    
    
    
    8,969,274Redemption of Units
    
    
    (4,813,729
    )
    
    
    Redemption of non-unitized capital balance
    
    
    
    
    
    
    (4,000
    )Net increase in net assets from capital share transactions
    
    
    3,540,398
    
    
    
    8,965,274Net increase in net assets
    
    
    7,710,079
    
    
    
    9,460,423Net assets,beginning of period
    
    
    12,153,932
    
    
    
    4,000Net assets,end of period
    
    $
    19,864,011
    
    
    $
    9,464,423See accompanying notes to unaudited financial statements.
 
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 7




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SUPERFUND GOLD, L.P.
 
 UNAUDITED STATEMENTS OF CASH FLOWS
 Nine Months EndedSeptember 30,2010
    
    
    2009*Cash flows from operating activitiesNet increase in net assets from operations
    
    $
    4,169,681
    
    
    $
    495,149Adjustments to reconcile net increase in net assets
from operations to net cash used in operating activities:Changes in operating assets and liabilities:Purchases of U.S. government securities
    
    
    (19,693,586
    )
    
    
    (5,100,346
    )Maturities of U.S. government securities
    
    
    18,850,000
    
    
    
    1,650,000Amortization of discounts and premiums
    
    
    (5,229
    )
    
    
    1,087Due from brokers
    
    
    (564,214
    )
    
    
    (4,280,724
    )Due to affiliate
    
    
    (5,599
    )
    
    
    Due from affiliate
    
    
    (207,207
    )
    
    
    (68,664
    )Unrealized appreciation on open forward contracts
    
    
    (50,022
    )
    
    
    65,719Unrealized depreciation on open forward contracts
    
    
    (4,429,973
    )
    
    
    (160,681
    )Futures contracts purchased
    
    
    (61,407
    )
    
    
    (1,022,504
    )Futures contracts sold
    
    
    1,658
    
    
    
    4,197Management fees payable
    
    
    14,804
    
    
    
    17,824Fees payable
    
    
    13,539
    
    
    
    18,416Net cash used in operating activities
    
    
    (1,967,555
    )
    
    
    (8,380,527
    )Cash flows from financing activitiesSubscriptions, net of change in advance subscriptions
    
    
    7,241,447
    
    
    
    9,880,774Redemptions, net of change in redemptions payable
    
    
    (4,653,660
    )
    
    
    Redemptions of non-unitized capital balance
    
    
    
    
    
    
    (4,000
    )Net cash provided by financing activities
    
    
    2,587,787
    
    
    
    9,876,774Net increase in cash
    
    
    620,232
    
    
    
    1,496,247Cash, beginning of period
    
    
    2,672,099
    
    
    
    4,000Cash, end of period
    
    $
    3,292,331
    
    
    $
    1,500,247See accompanying notes to unaudited financial statements.
 
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 8




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES A
 
 UNAUDITED STATEMENTS OF ASSETS AND LIABILITIES
as of September 30, 2010 and December 31, 2009
 September 30, 2010
    
    
    December 31, 2009ASSETSU.S. Government securities, at fair value
(amortized cost of $3,199,332 and $1,549,939 as of
September 30, 2010, and December 31, 2009, respectively)
    
    $
    3,199,332
    
    
    $
    1,549,939Due from brokers
    
    
    3,228,933
    
    
    
    1,794,485Futures contracts purchased
    
    
    1,668,246
    
    
    
    Unrealized appreciation on open forward contracts
    
    
    124,343
    
    
    
    Futures contracts sold
    
    
    25,725
    
    
    
    Cash
    
    
    2,519,858
    
    
    
    1,739,581Due from affiliate
    
    
    5,599
    
    
    
    Total assets
    
    
    10,772,036
    
    
    
    5,084,005LIABILITIESUnrealized depreciation on open forward contracts
    
    
    40,358
    
    
    
    Futures contracts purchased
    
    
    
    
    
    
    278,229Redemptions payable
    
    
    122,191
    
    
    
    Subscriptions received in advance
    
    
    575,000
    
    
    
    1,355,500Futures contracts sold
    
    
    
    
    
    
    3,078Management fees payable
    
    
    19,033
    
    
    
    6,463Incentive fees
    
    
    1,658
    
    
    
    Fees payable
    
    
    19,446
    
    
    
    6,380Total liabilities
    
    
    777,686
    
    
    
    1,649,650NET ASSETS
    
    $
    9,994,350
    
    
    $
    3,434,355Superfund Gold, L.P. Series A-1 Net Assets
    
    $
    7,708,675
    
    
    $
    2,524,291Number of Units outstanding
    
    
    5,788.060
    
    
    
    2,388.395Superfund Gold, L.P. Series A-1 Net Asset Value per Unit
    
    $
    1,331.83
    
    
    $
    1,056.90Superfund Gold, L.P. Series A-2 Net Assets
    
    $
    2,285,675
    
    
    $
    910,064Number of Units outstanding
    
    
    1,613.284
    
    
    
    818.846Superfund Gold, L.P. Series A-2 Net Asset Value per Unit
    
    $
    1,416.78
    
    
    $
    1,111.40
  9




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES A
 
 UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS
as of September 30, 2010
 Percentage ofFace Value
    
    
    Net Assets
    
    
    Fair ValueDebt Securities United States, at fair valueUnited States Treasury Bills due November 26, 2010
(amortized cost $3,199,332), securities are held in
margin accounts as collateral for open futures and
forwards
    
    $
    3,200,000
    
    
    
    32.0
    %
    
    $
    3,199,332Forward contracts, at fair valueUnrealized appreciation on forward contractsCurrency
    
    
    
    
    
    
    1.2
    
    
    
    124,343Total unrealized appreciation on forward contracts
    
    
    
    
    
    
    1.2
    
    
    
    124,343Unrealized depreciation on forward contractsCurrency
    
    
    
    
    
    
    (0.4
    )
    
    
    (40,358
    )Total unrealized depreciation on forward contracts
    
    
    
    
    
    
    (0.4
    )
    
    
    (40,358
    )Total forward contracts, at fair value
    
    
    
    
    
    
    0.8
    
    
    
    83,985Futures contracts, at fair valueFutures Contracts PurchasedCurrency
    
    
    
    
    
    
    1.6
    
    
    
    157,059Energy
    
    
    
    
    
    
    0.9
    
    
    
    90,880Financial
    
    
    
    
    
    
    0.2
    
    
    
    17,055Food & Fiber
    
    
    
    
    
    
    1.0
    
    
    
    99,721Indices
    
    
    
    
    
    
    0.3
    
    
    
    29,721Livestock
    
    
    
    
    
    
    0.1
    
    
    
    5,180Metals96 contracts of CMX Gold expiring December 2010
    
    
    
    
    
    
    10.2
    
    
    
    1,024,260Other
    
    
    
    
    
    
    2.4
    
    
    
    244,370Total Metals
    
    
    
    
    
    
    12.6
    
    
    
    1,268,630Total futures contracts purchased
    
    
    
    
    
    
    16.7
    
    
    
    1,668,246Futures Contracts SoldEnergy
    
    
    
    
    
    
    0.5
    
    
    
    45,156Financial
    
    
    
    
    
    
    (0.2
    )
    
    
    (21,805
    )Food & Fiber
    
    
    
    
    
    
    (0.0)
    *
    
    
    (164
    )Indices
    
    
    
    
    
    
    0.0
    *
    
    
    2,538Total futures contracts sold
    
    
    
    
    
    
    0.3
    
    
    
    25,725Total futures contracts, at fair value
    
    
    
    
    
    
    17.0
    
    
    
    1,693,971Futures and forward contracts by country compositionAustralia
    
    
    
    
    
    
    0.5
    
    
    
    52,896European Monetary Union
    
    
    
    
    
    
    (0.1
    )
    
    
    (7,156
    )Great Britain
    
    
    
    
    
    
    0.0
    *
    
    
    491Japan
    
    
    
    
    
    
    0.4
    
    
    
    44,458United States
    
    
    
    
    
    
    15.2
    
    
    
    1,513,397Other
    
    
    
    
    
    
    1.8
    
    
    
    173,870Total futures and forward contracts by country
    
    
    
    
    
    
    17.8
    %
    
    $
    1,777,956
 
 *
    
    Due to rounding  10




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES A
 
 UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS
as of December 31, 2009
 Percentage ofFace Value
    
    
    Net Assets
    
    
    Fair ValueDebt Securities United States, at fair valueUnited States Treasury Bills due February 25, 2010
(amortized cost $1,549,939), securities are held
in margin accounts as collateral for
open futures and forwards
    
    $
    1,550,000
    
    
    
    45.1
    %
    
    $
    1,549,939Futures Contracts, at fair valueFutures Contracts PurchasedCurrency
    
    
    
    
    
    
    (0.4
    )
    
    
    (15,097
    )Energy
    
    
    
    
    
    
    (0.0)
    *
    
    
    (1,336
    )Financial
    
    
    
    
    
    
    (0.3
    )
    
    
    (8,773
    )Food & Fiber
    
    
    
    
    
    
    0.5
    
    
    
    18,003Indices
    
    
    
    
    
    
    0.5
    
    
    
    15,844Metals35 contracts of CMX Gold expiring February 2010
    
    
    
    
    
    
    (6.8
    )
    
    
    (263,040
    )Other
    
    
    
    
    
    
    (1.6
    )
    
    
    (23,830
    )Total Metals
    
    
    
    
    
    
    (8.4
    )
    
    
    (286,870
    )Total futures contracts purchased
    
    
    
    
    
    
    (8.1
    )
    
    
    (278,229
    )Futures Contracts SoldEnergy
    
    
    
    
    
    
    (0.0)
    *
    
    
    (780
    )Financial
    
    
    
    
    
    
    0.0
    *
    
    
    845Food & Fiber
    
    
    
    
    
    
    (0.1
    )
    
    
    (2,063
    )Livestock
    
    
    
    
    
    
    (0.0)
    *
    
    
    (1,080
    )Total futures contracts sold
    
    
    
    
    
    
    (0.1
    )
    
    
    (3,078
    )Total futures contracts, at fair value
    
    
    
    
    
    
    (8.2
    )
    
    
    (281,307
    )Futures contracts by country compositionEuropean Monetary Union
    
    
    
    
    
    
    (0.4
    )
    
    
    (14,015
    )United States
    
    
    
    
    
    
    (8.1
    )
    
    
    (277,640
    )Other
    
    
    
    
    
    
    0.3
    
    
    
    10,348Total futures contracts by country
    
    
    
    
    
    
    (8.2)
    %
    
    $
    (281,307
    )
 
 *
    
    Due to rounding  11




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES A
 
 UNAUDITED STATEMENTS OF OPERATIONS
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009*Investment incomeInterest income
    
    $
    3,232
    
    
    $
    359
    
    
    $
    4,152
    
    
    $
    637Other income
    
    
    
    
    
    
    
    
    
    
    5,599
    
    
    
    Total income
    
    
    3,232
    
    
    
    359
    
    
    
    9,751
    
    
    
    637ExpensesManagement fee
    
    
    49,471
    
    
    
    9,787
    
    
    
    121,429
    
    
    
    16,361Brokerage commissions
    
    
    44,963
    
    
    
    3,645
    
    
    
    112,931
    
    
    
    5,791Incentive fee
    
    
    1,658
    
    
    
    4,213
    
    
    
    31,461
    
    
    
    4,213Selling commission
    
    
    33,976
    
    
    
    7,899
    
    
    
    84,151
    
    
    
    13,568Operating expenses
    
    
    16,490
    
    
    
    3,263
    
    
    
    40,476
    
    
    
    5,454Other
    
    
    51
    
    
    
    99
    
    
    
    97
    
    
    
    186Total expenses
    
    
    146,609
    
    
    
    28,906
    
    
    
    390,545
    
    
    
    45,573Net investment loss
    
    
    (143,377
    )
    
    
    (28,547
    )
    
    
    (380,794
    )
    
    
    (44,936
    )Realized and unrealized gain (loss) on
investmentsNet realized gain (loss) on futures
and forward contracts
    
    
    (14,612
    )
    
    
    19,551
    
    
    
    292,714
    
    
    
    50,007Net change in unrealized appreciation
on futures and forward contracts
    
    
    1,195,710
    
    
    
    196,861
    
    
    
    2,059,263
    
    
    
    158,678Net gain on investments
    
    
    1,181,098
    
    
    
    216,412
    
    
    
    2,351,977
    
    
    
    208,685Net increase in net assets from operations
    
    $
    1,037,721
    
    
    $
    187,865
    
    
    $
    1,971,183
    
    
    $
    163,749Net increase in net assets from
operations per Unit (based upon weighted
average number of units outstanding
during period) for Series A-1**
    
    $
    142.90
    
    
    $
    103.03
    
    
    $
    317.16
    
    
    $
    100.31Net increase in net assets from
operations per Unit (based upon change in
net asset value per unit during period)
for Series A-1
    
    $
    130.74
    
    
    $
    99.30
    
    
    $
    274.93
    
    
    $
    84.27Net increase in net assets from
operations per Unit (based upon weighted
average number of units outstanding
during period) for Series A-2***
    
    $
    159.39
    
    
    $
    118.20
    
    
    $
    353.62
    
    
    $
    166.40Net increase in net assets from
operations per Unit (based upon change in
net asset value per unit during period)
for Series A-2
    
    $
    144.55
    
    
    $
    105.49
    
    
    $
    305.38
    
    
    $
    131.54
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009.**
    
    Weighted average number of Units outstanding for Series A-1 for the Three Months Ended September
30, 2010 and September 30, 2009: 5,546.27 and 1,643.58, respectively; and for the Nine Months Ended
September 30, 2010 and September 30, 2009: 4,790.29 and 1,439.23, respectively.***
    
    Weighted average number of Units outstanding for Series A-2 for the Three Months Ended
September 30, 2010 and September 30, 2009: 1,538.13 and 156.81, respectively; and for the Nine
Months Ended September 30, 2010 and September 30, 2009: 1,277.94 and 116.51, respectively. 12




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES A
 
 UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS
 Nine Months EndedSeptember 30,2010
    
    
    2009*Increase in net assets from operationsNet investment loss
    
    $
    (380,794
    )
    
    
    (44,936
    )Net realized gain on futures and forward contracts
    
    
    292,714
    
    
    
    50,007Net change in unrealized appreciation on futures and forward
contracts
    
    
    2,059,263
    
    
    
    158,678Net increase in net assets from operations
    
    
    1,971,183
    
    
    
    163,749Capital share transactionsIssuance of Units
    
    
    5,624,810
    
    
    
    1,805,532Redemption of Units
    
    
    (1,035,998
    )
    
    
    Redemption of non-unitized initial capital balance
    
    
    
    
    
    
    (2,000
    )Net increase in net assets from capital share transactions
    
    
    4,588,812
    
    
    
    1,803,532Net increase in net assets
    
    
    6,559,995
    
    
    
    1,967,281Net assets,beginning of period
    
    
    3,434,355
    
    
    
    2,000Net assets,end of period
    
    $
    9,994,350
    
    
    
    1,969,281Series A-1 Units,beginning of period
    
    
    2,388.395
    
    
    
    Issuance of Series A-1 Units
    
    
    4,204.975
    
    
    
    1,759.522Redemption of Units
    
    
    (805.310
    )
    
    
    Series A-1 Units,end of period
    
    
    5,788.060
    
    
    
    1,759.522Series A-2 Units,beginning of period
    
    
    818.846
    
    
    
    Issuance of Series A-2 Units
    
    
    840.459
    
    
    
    193.259Redemption of Units
    
    
    (46.021
    )
    
    
    Series A-2 Units,end of period
    
    
    1,613.284
    
    
    
    193.259
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 13




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES A
 
 UNAUDITED STATEMENTS OF CASH FLOWS
 Nine Months EndedSeptember 30,2010
    
    
    2009*Cash flows from operating activitiesNet increase in net assets from operations
    
    $
    1,971,183
    
    
    $
    163,749Adjustments to reconcile net increase in net assets from
operations to net cash used in operating activities:Changes in operating assets and liabilities:Purchases of U.S. government securities
    
    
    (7,947,364
    )
    
    
    (1,250,134
    )Maturities of U.S. government securities
    
    
    6,300,000
    
    
    
    500,000Amortization of discounts and premiums
    
    
    (2,029
    )
    
    
    292Due from brokers
    
    
    (1,434,448
    )
    
    
    (931,931
    )Due to affiliate
    
    
    
    
    
    
    Due from affiliate
    
    
    (5,599
    )
    
    
    Unrealized appreciation on open forward contracts
    
    
    (124,343
    )
    
    
    Unrealized depreciation on open forward contracts
    
    
    40,358
    
    
    
    Futures contracts purchased
    
    
    (1,946,475
    )
    
    
    (160,815
    )Futures contracts sold
    
    
    (28,803
    )
    
    
    2,137Incentive fee payable
    
    
    1,658
    
    
    
    4,197Management fees payable
    
    
    12,570
    
    
    
    3,715Fees payable
    
    
    13,066
    
    
    
    4,200Net cash used in operating activities
    
    
    (3,150,226
    )
    
    
    (1,664,590
    )Cash flows from financing activitiesSubscriptions, net of change in advance subscriptions
    
    
    4,844,310
    
    
    
    2,422,032Redemptions, net of change in redemptions payable
    
    
    (913,807
    )
    
    
    Redemptions of non-unitized capital balance
    
    
    
    
    
    
    (2,000
    )Net cash provided by financing activities
    
    
    3,930,503
    
    
    
    2,420,032Net increase in cash
    
    
    780,277
    
    
    
    755,442Cash, beginning of period
    
    
    1,739,581
    
    
    
    2,000Cash, end of period
    
    $
    2,519,858
    
    
    $
    757,442
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 14




---



##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES B
 
 UNAUDITED STATEMENTS OF ASSETS AND LIABILITIES
 as of September 30, 2010 and December 31, 2009
 September 30, 2010
    
    
    December 31, 2009ASSETSU.S. Government securities, at fair value,
(amortized cost of $3,649,231 and $4,449,809 as of
September 30, 2010, and December 31, 2009, respectively)
    
    $
    3,649,231
    
    
    $
    4,449,809Due from brokers
    
    
    3,636,435
    
    
    
    4,506,669Futures contracts purchased
    
    
    1,942,753
    
    
    
    Unrealized appreciation on open forward contracts
    
    
    164,709
    
    
    
    81,845Futures contracts sold
    
    
    27,870
    
    
    
    Cash
    
    
    772,473
    
    
    
    932,518Total assets
    
    
    10,193,471
    
    
    
    9,970,841LIABILITIESUnrealized depreciation on open forward contracts
    
    
    64,491
    
    
    
    154,871Futures contracts purchased
    
    
    
    
    
    
    540,745Redemptions payable
    
    
    47,768
    
    
    
    9,890Subscription received in advance
    
    
    176,450
    
    
    
    508,630Futures contracts sold
    
    
    
    
    
    
    4,734Management fees payable
    
    
    18,662
    
    
    
    16,428Fees payable
    
    
    16,439
    
    
    
    15,966Total liabilities
    
    
    323,810
    
    
    
    1,251,264NET ASSETS
    
    $
    9,869,661
    
    
    $
    8,719,577Superfund Gold, L.P. Series B-1 Net Assets
    
    $
    6,063,980
    
    
    $
    6,268,561Number of Units outstanding
    
    
    5,678.128
    
    
    
    7,174.897Superfund Gold, L.P. Series B-1 Net Asset Value per Unit
    
    $
    1,067.96
    
    
    $
    873.68Superfund Gold, L.P. Series B-2 Net Assets
    
    $
    3,805,681
    
    
    $
    2,451,016Number of Units outstanding
    
    
    3,457.876
    
    
    
    2,763.500Superfund Gold, L.P. Series B-2 Net Asset Value per Unit
    
    $
    1,100.58
    
    
    $
    886.92
  15




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##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES B
 
 UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS
 as of September 30, 2010
 Percentage ofFace Value
    
    
    Net Assets
    
    
    Fair ValueDebt Securities United States, at fair valueUnited States Treasury Bills due November 26, 2010
(amortized cost $3,649,231), securities are held in
margin accounts as collateral for open futures
and forwards
    
    $
    3,650,000
    
    
    
    37.0
    %
    
    $
    3,649,231Forward contracts, at fair valueUnrealized appreciation on forward contractsCurrency
    
    
    
    
    
    
    1.7
    
    
    
    164,709Total unrealized appreciation on forward contracts
    
    
    
    
    
    
    1.7
    
    
    
    164,709Unrealized depreciation on forward contractsCurrency
    
    
    
    
    
    
    (0.7
    )
    
    
    (64,491
    )Total unrealized depreciation on forward contracts
    
    
    
    
    
    
    (0.7
    )
    
    
    (64,491
    )Total forward contracts, at fair value
    
    
    
    
    
    
    1.0
    
    
    
    100,218Futures contracts, at fair valueFutures contracts purchasedCurrency
    
    
    
    
    
    
    2.1
    
    
    
    203,168Energy
    
    
    
    
    
    
    1.4
    
    
    
    138,463Financial
    
    
    
    
    
    
    0.4
    
    
    
    34,683Food & Fiber
    
    
    
    
    
    
    1.6
    
    
    
    155,911Indices
    
    
    
    
    
    
    0.5
    
    
    
    51,679Livestock
    
    
    
    
    
    
    0.1
    
    
    
    7,130Metals101 contracts of CMX Gold expiring December 2010
    
    
    
    
    
    
    10.5
    
    
    
    1,039,400Other
    
    
    
    
    
    
    3.2
    
    
    
    312,319Total Metals
    
    
    
    
    
    
    13.7
    
    
    
    1,351,719Total futures contracts purchased
    
    
    
    
    
    
    19.8
    
    
    
    1,942,753Futures contracts soldEnergy
    
    
    
    
    
    
    0.6
    
    
    
    60,054Financial
    
    
    
    
    
    
    (0.4
    )
    
    
    (34,868
    )Food & Fiber
    
    
    
    
    
    
    (0.0)
    *
    
    
    (1,319
    )Indices
    
    
    
    
    
    
    0.0
    *
    
    
    4,003Total futures contracts sold
    
    
    
    
    
    
    0.2
    
    
    
    27,870Total futures contracts, at fair value
    
    
    
    
    
    
    20.0
    %
    
    $
    1,970,623Futures and forward contracts by country compositionAustralia
    
    
    
    
    
    
    0.8
    
    
    
    73,898European Monetary Union
    
    
    
    
    
    
    (0.2
    )
    
    
    (19,715
    )Great Britain
    
    
    
    
    
    
    0.0
    *
    
    
    2,474Japan
    
    
    
    
    
    
    0.6
    
    
    
    61,591United States
    
    
    
    
    
    
    17.4
    
    
    
    1,712,157Other
    
    
    
    
    
    
    2.4
    
    
    
    240,436Total futures and forward contracts by country
    
    
    
    
    
    
    21.0
    %
    
    $
    2,070,841
 
 *
    
    Due to rounding  16




---



##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES B
 
 UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS
 as of December 31, 2009
 Percentage ofFace Value
    
    
    Net Assets
    
    
    Fair ValueDebt Securities United States, at fair valueUnited States Treasury Bills due February 25, 2010
(amortized cost $4,449,809), securities are held in margin
accounts as collateral for open futures and forwards
    
    $
    4,450,000
    
    
    
    51.0
    %
    
    $
    4,449,809Forward contracts, at fair valueUnrealized appreciation on forward contractsCurrency
    
    
    
    
    
    
    0.9
    
    
    
    81,845Total unrealized appreciation on forward contracts
    
    
    
    
    
    
    0.9
    
    
    
    81,845Unrealized depreciation on forward contractsCurrency
    
    
    
    
    
    
    (1.7
    )
    
    
    (154,871
    )Total unrealized depreciation on forward contracts
    
    
    
    
    
    
    (1.7
    )
    
    
    (154,871
    )Total forward contracts, at fair value
    
    
    
    
    
    
    (0.8
    )
    
    
    (73,026
    )Futures contracts, at fair valueFutures contracts purchasedCurrency
    
    
    
    
    
    
    (0.9
    )
    
    
    (81,589
    )Energy
    
    
    
    
    
    
    0.7
    
    
    
    58,852Financial
    
    
    
    
    
    
    (1.0
    )
    
    
    (85,038
    )Food & Fiber
    
    
    
    
    
    
    1.5
    
    
    
    134,040Indices
    
    
    
    
    
    
    2.8
    
    
    
    241,191Metals104 contracts of CMX Gold expiring February 2010
    
    
    
    
    
    
    (9.3
    )
    
    
    (806,850
    )Other
    
    
    
    
    
    
    (0.0)
    *
    
    
    (1,351
    )Total Metals
    
    
    
    
    
    
    (9.3
    )
    
    
    (808,201
    )Total futures contracts purchased
    
    
    
    
    
    
    (6.2
    )
    
    
    (540,745
    )Futures contracts soldEnergy
    
    
    
    
    
    
    (0.1
    )
    
    
    (4,870
    )Food & Fiber
    
    
    
    
    
    
    (0.2
    )
    
    
    (15,750
    )Indices
    
    
    
    
    
    
    (0.0)
    *
    
    
    (3,170
    )Livestock
    
    
    
    
    
    
    (0.1
    )
    
    
    (8,110
    )Financial
    
    
    
    
    
    
    0.3
    
    
    
    27,166Total futures contracts sold
    
    
    
    
    
    
    (0.1
    )
    
    
    (4,734
    )Total futures contracts, at fair value
    
    
    
    
    
    
    (6.3)
    %
    
    $
    (545,479
    )Futures and forward contracts by country compositionAustralian
    
    
    
    
    
    
    0.2
    
    
    
    17,853European Monetary Union
    
    
    
    
    
    
    (0.4
    )
    
    
    (31,028
    )Great Britain
    
    
    
    
    
    
    0.2
    
    
    
    14,810Japan
    
    
    
    
    
    
    0.4
    
    
    
    37,973United States
    
    
    
    
    
    
    (7.7
    )
    
    
    (675,828
    )Other
    
    
    
    
    
    
    0.2
    
    
    
    17,715Total futures and forward contracts by country
    
    
    
    
    
    
    (7.1)
    %
    
    $
    (618,505
    )
 
 *
    
    Due to rounding  17




---



##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES B
 
 UNAUDITED STATEMENTS OF OPERATIONS
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2010
    
    
    2009
    
    
    2010
    
    
    2009*Investment incomeInterest income
    
    $
    2,602
    
    
    $
    1,068
    
    
    $
    2,734
    
    
    $
    1,643Total income
    
    
    2,602
    
    
    
    1,068
    
    
    
    2,734
    
    
    
    1,643ExpensesBrokerage commissions
    
    
    63,745
    
    
    
    43,199
    
    
    
    248,009
    
    
    
    68,769Management fee
    
    
    48,747
    
    
    
    36,406
    
    
    
    164,100
    
    
    
    54,926Selling commission
    
    
    26,684
    
    
    
    24,046
    
    
    
    99,890
    
    
    
    34,436Operating expenses
    
    
    16,249
    
    
    
    12,136
    
    
    
    54,700
    
    
    
    18,309Other
    
    
    702
    
    
    
    602
    
    
    
    1,512
    
    
    
    1,617Total expenses
    
    
    156,127
    
    
    
    116,389
    
    
    
    568,211
    
    
    
    178,057Net investment loss
    
    
    (153,525
    )
    
    
    (115,321
    )
    
    
    (565,477
    )
    
    
    (176,414
    )Realized and unrealized gain (loss) on
investmentsNet realized gain (loss) on futures
and forward contracts
    
    
    141,515
    
    
    
    (265,496
    )
    
    
    74,629
    
    
    
    (519,638
    )Net change in unrealized appreciation
on futures and forward contracts
    
    
    1,089,861
    
    
    
    1,097,899
    
    
    
    2,689,346
    
    
    
    1,027,452Net gain on investments
    
    
    1,231,376
    
    
    
    832,403
    
    
    
    2,763,975
    
    
    
    507,814Net increase in net assets from operations
    
    $
    1,077,851
    
    
    $
    717,082
    
    
    $
    2,198,498
    
    
    $
    331,400Net increase in net assets from
operations per Unit (based upon weighted
average number of units outstanding
during period) for Series B-1**
    
    $
    116.01
    
    
    $
    97.25
    
    
    $
    202.17
    
    
    $
    67.76Net increase in net assets from
operations per Unit (based upon change in
net asset value per unit during period)
for Series B-1
    
    $
    110.06
    
    
    $
    83.35
    
    
    $
    194.28
    
    
    $
    0.86Net increase in net assets from
operations per Unit (based upon weighted
average number of units outstanding
during period) for Series B-2***
    
    $
    129.47
    
    
    $
    89.43
    
    
    $
    237.65
    
    
    $
    35.31Net increase in net assets from
operations per Unit (based upon change in
net asset value per unit during period)
for Series B-2
    
    $
    118.35
    
    
    $
    88.42
    
    
    $
    213.66
    
    
    $
    10.14
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009.**
    
    Weighted average number of Units outstanding for Series B-1 for the Three Months Ended September
30, 2010 and September 30, 2009: 5,549.68 and 5,595.53, respectively; and for the Nine Months Ended
September 30, 2010 and September 30, 2009: 7,177.88 and 4,019.65, respectively.***
    
    Weighted average number of Units outstanding for Series B-2 for the Three Months Ended
September 30, 2010 and September 30, 2009: 3,352.32 and 1,933.42, respectively; for the Nine Months
Ended September 30, 2010 and September 30, 2009: 3,195.81 and 1,671.61, respectively. 18




---



##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES B
 
 UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS
 Nine Months EndedSeptember 30,2010
    
    
    2009*Increase in net assets from operationsNet investment loss
    
    $
    (565,477
    )
    
    $
    (176,414
    )Net realized gain (loss) on futures and forward contracts
    
    
    74,629
    
    
    
    (519,638
    )Net change in unrealized appreciation on futures and forward
contracts
    
    
    2,689,346
    
    
    
    1,027,452Net increase in net assets from operations
    
    
    2,198,498
    
    
    
    331,400Capital share transactionsIssuance of Units
    
    
    2,729,317
    
    
    
    7,163,742Redemption of Units
    
    
    (3,777,731
    )
    
    
    Redemption of non-unitized capital balance
    
    
    
    
    
    
    (2,000
    )Net increase (decrease) in net assets from capital share transactions
    
    
    (1,048,414
    )
    
    
    7,161,742Net increase in net assets
    
    
    1,150,084
    
    
    
    7,493,142Net assets,beginning of period
    
    
    8,719,577
    
    
    
    2,000Net assets,end of period
    
    $
    9,869,661
    
    
    $
    7,495,142Series B-1 Units,beginning of period
    
    
    7,174.897
    
    
    
    Issuance of Series B-1 Units
    
    
    2,048.322
    
    
    
    6,176.794Redemption of Units
    
    
    (3,545.091
    )
    
    
    Series B-1 Units,end of period
    
    
    5,678.128
    
    
    
    6,176.794Series B-2 Units,beginning of period
    
    
    2,763.500
    
    
    
    Issuance of Series B-2 Units
    
    
    1,051.441
    
    
    
    1,947.276Redemption of Units
    
    
    (357.065
    )
    
    
    Series B-2 Units,end of period
    
    
    3,457.876
    
    
    
    1,947.276
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 19




---



##### Table of Contents



SUPERFUND GOLD, L.P.  SERIES B
 
 UNAUDITED STATEMENTS OF CASH FLOWS
 Nine Months EndedSeptember 30,2010
    
    
    2009*Cash flows from operating activitiesNet increase in net assets from operations
    
    $
    2,198,498
    
    
    $
    331,400Adjustments to reconcile net increase in net assets
from operations to net cash provided by (used in) operating activities:Changes in operating assets and liabilities:Purchases of U.S. government securities
    
    
    (11,746,222
    )
    
    
    (3,850,212
    )Maturities of U.S. government securities
    
    
    12,550,000
    
    
    
    1,150,000Amortization of discounts and premiums
    
    
    (3,200
    )
    
    
    795Due from brokers
    
    
    870,234
    
    
    
    (3,348,793
    )Unrealized appreciation on open forward contracts
    
    
    (82,864
    )
    
    
    (68,664
    )Unrealized depreciation on open forward contracts
    
    
    (90,380
    )
    
    
    65,719Futures contracts purchased
    
    
    (2,483,498
    )
    
    
    134Futures contracts sold
    
    
    (32,604
    )
    
    
    (1,024,641
    )Management fees payable
    
    
    2,234
    
    
    
    14,109Fees payable
    
    
    473
    
    
    
    14,216Net cash provided by (used in) operating activities
    
    
    1,182,671
    
    
    
    (6,715,937
    )Cash flows from financing activitiesSubscriptions, net of change in advance subscriptions
    
    
    2,397,137
    
    
    
    7,458,742Redemptions, net of change in redemptions payable
    
    
    (3,739,853
    )
    
    
    Redemptions of non-unitized capital balance
    
    
    
    
    
    
    (2,000
    )Net cash provided by (used in) financing activities
    
    
    (1,342,716
    )
    
    
    7,456,742Net increase (decrease) in cash
    
    
    (160,045
    )
    
    
    740,805Cash, beginning of period
    
    
    932,518
    
    
    
    2,000Cash, end of period
    
    $
    772,473
    
    
    $
    742,805
  
 *
    
    Data reflect the Six Months Ended September 30, 2009. The Funds inception was April 1, 2009. 20




---



##### Table of Contents



SUPERFUND GOLD, L.P.
 
 NOTES TO UNAUDITED FINANCIAL STATEMENTS
September 30, 2010
 SUPERFUND GOLD, L.P.
 1. Nature of operations
 Organization and Business
   2. Basis of presentation and significant accounting policies
 Basis of Presentation
  Valuation of Investments in Futures Contracts, Forward Contracts, and U.S. Treasury Bills
   21




---



##### Table of Contents



Translation of Foreign Currency
   Investment Transactions, Investment Income and Expenses
  Income Taxes
  Income Taxes
 Use of Estimates
  Recently Issued Accounting Pronouncements
 ASU 2010-06
 Improving Disclosures about
Fair Value Measurements Fair
Value Measurements and Disclosures
 3. Fair Value Measurements
  22




---



##### Table of Contents



Level 1:
    
    Unadjusted quoted prices in active markets that are accessible
at the measurement date for identical, unrestricted assets or
liabilities;Level 2:
    
    Quoted prices in markets that are not considered to be active
or financial instruments for which all significant inputs are
observable, either directly or indirectly;Level 3:
    
    Prices or valuations that require inputs that are both
significant to the fair value measurement and unobservable.
  U.S. Government Securities.
 Derivative Contracts.
   23




---



##### Table of Contents



Superfund Gold, L.P.
 BalanceSeptember 30,2010
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3ASSETSU.S. Government securities
    
    $
    6,848,563
    
    
    $
    
    
    
    $
    6,848,563
    
    
    $
    Unrealized appreciation on open forward contracts
    
    
    289,052
    
    
    
    
    
    
    
    289,052
    
    
    
    Futures contracts purchased
    
    
    3,610,999
    
    
    
    3,610,999
    
    
    
    
    
    
    
    Futures contracts sold
    
    
    53,595
    
    
    
    53,595
    
    
    
    
    
    
    
    Total Assets Measured at Fair Value
    
    $
    10,802,209
    
    
    $
    3,664,594
    
    
    $
    7,137,615
    
    
    $
    LIABILITIESUnrealized depreciation on open forward contracts
    
    $
    104,849
    
    
    $
    
    
    
    $
    104,849
    
    
    
    Total Liabilities Measured at Fair Value
    
    $
    104,849
    
    
    $
    
    
    
    $
    104,849
    
    
    $
    
 Superfund Gold, L.P.  Series A
 BalanceSeptember 30,2010
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3ASSETSU.S. Government securities
    
    $
    3,199,332
    
    
    $
    
    
    
    $
    3,199,332
    
    
    $
    Unrealized appreciation on open forward contracts
    
    
    124,343
    
    
    
    
    
    
    
    124,343
    
    
    
    Futures contracts purchased
    
    
    1,668,246
    
    
    
    1,668,246
    
    
    
    
    
    
    
    Futures contracts sold
    
    
    25,725
    
    
    
    25,725
    
    
    
    
    
    
    
    Total Assets Measured at Fair Value
    
    $
    5,017,646
    
    
    $
    1,693,971
    
    
    $
    3,323,675
    
    
    $
    LIABILITIESUnrealized depreciation on open forward contracts
    
    $
    40,358
    
    
    $
    
    
    
    $
    40,358
    
    
    $
    Total Liabilities Measured at Fair Value
    
    $
    40,358
    
    
    $
    
    
    
    $
    40,358
    
    
    $
    
 Superfund Gold, L.P.  Series B
 BalanceSeptember 30,2010
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3ASSETSU.S. Government securities
    
    $
    3,649,231
    
    
    $
    
    
    
    $
    3,649,231
    
    
    $
    Unrealized appreciation on open forward contracts
    
    
    164,709
    
    
    
    
    
    
    
    164,709
    
    
    
    Futures contracts purchased
    
    
    1,942,753
    
    
    
    1,942,753
    
    
    
    
    
    
    
    Futures contracts sold
    
    
    27,870
    
    
    
    27,870
    
    
    
    
    
    
    
    Total Assets Measured at Fair Value
    
    $
    5,784,563
    
    
    $
    1,970,623
    
    
    $
    3,813,940
    
    
    $
    LIABILITIESUnrealized depreciation on open forward contracts
    
    $
    64,491
    
    
    $
    
    
    
    $
    64,491
    
    
    $
    Total Liabilities Measured at Fair Value
    
    $
    64,491
    
    
    $
    
    
    
    $
    64,491
    
    
    $
    
 24




---



##### Table of Contents



Superfund Gold, L.P.
 BalanceDecember 31,2009
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3ASSETSU.S. Government securities
    
    $
    5,999,748
    
    
    $
    
    
    
    $
    5,999,748
    
    
    $
    Unrealized appreciation on open forward contracts
    
    
    81,845
    
    
    
    
    
    
    
    81,845
    
    
    
    Total Assets Measured at Fair Value
    
    $
    6,081,593
    
    
    $
    
    
    
    $
    6,081,593
    
    
    $
    LIABILITIESUnrealized depreciation on open forward contracts
    
    $
    154,871
    
    
    $
    
    
    
    $
    154,871
    
    
    $
    Futures contracts purchased
    
    
    818,974
    
    
    
    818,974
    
    
    
    
    
    
    
    Futures contracts sold
    
    
    7,812
    
    
    
    7,812
    
    
    
    
    
    
    
    Total Liabilities Measured at Fair Value
    
    $
    981,657
    
    
    $
    826,786
    
    
    $
    154,871
    
    
    $
    
 Superfund Gold, L.P.  Series A
 BalanceDecember 31,2009
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3ASSETSU.S. Government securities
    
    $
    1,549,939
    
    
    $
    
    
    
    $
    1,549,939
    
    
    $
    Total Assets Measured at Fair Value
    
    $
    1,549,939
    
    
    $
    
    
    
    $
    1,549,939
    
    
    $
    LIABILITIESFutures contracts purchased
    
    $
    278,229
    
    
    $
    278,229
    
    
    $
    
    
    
    $
    Futures contracts sold
    
    
    3,078
    
    
    
    3,078
    
    
    
    
    
    
    
    Total Liabilities Measured at Fair Value
    
    $
    281,307
    
    
    $
    281,307
    
    
    $
    
    
    
    $
    
 Superfund Gold, L.P.   Series B
 BalanceDecember 31,2009
    
    
    Level 1
    
    
    Level 2
    
    
    Level 3ASSETSU.S. Government securities
    
    $
    4,449,809
    
    
    $
    
    
    
    $
    4,449,809
    
    
    $
    Unrealized appreciation on open forward contracts
    
    
    81,845
    
    
    
    
    
    
    
    81,845
    
    
    
    Total Assets Measured at Fair Value
    
    $
    4,531,654
    
    
    $
    
    
    
    $
    4,531,654
    
    
    $
    LIABILITIESUnrealized depreciation on open forward contracts
    
    $
    154,871
    
    
    $
    
    
    
    $
    154,871
    
    
    $
    Futures contracts purchased
    
    
    540,745
    
    
    
    540,745
    
    
    
    
    
    
    
    Futures contracts sold
    
    
    4,734
    
    
    
    4,734
    
    
    
    
    
    
    
    Total Liabilities Measured at Fair Value
    
    $
    700,350
    
    
    $
    545,479
    
    
    $
    154,871
    
    
    $
    
 4. Disclosure of derivative instruments and hedging activities
 Disclosures about Derivative Instruments and Hedging Activities
  25




---



##### Table of Contents



Superfund Gold, L.P.
 Statement of Assets and
    
    Asset Derivatives at
    
    
    Liability DerivativesType of Instrument
    
    Liabilities Location
    
    September 30, 2010
    
    
    at September 30, 2010
    
    
    NetForeign exchange contracts
    
    Unrealized appreciation on open forward contracts
    
    $
    289,052
    
    
    $
    
    
    
    $
    289,052Foreign exchange contracts
    
    Unrealized depreciation on open forward contracts
    
    
    
    
    
    
    (104,849
    )
    
    
    (104,849
    )Futures contracts
    
    Futures contracts purchased & futures contacts sold
    
    
    3,664,594
    
    
    
    
    
    
    
    3,664,594Totals
    
    
    
    $
    3,953,646
    
    
    $
    (104,849
    )
    
    $
    3,848,797
  Change in UnrealizedAppreciationDerivatives not
    
    
    
    
    
    
    (Depreciation) onDesignated as Hedging
    
    Location of Gain (Loss) on
    
    Realized Gain (Loss) on

    
    
    DerivativesInstruments under
    
    Derivatives Recognized in
    

    Derivatives Recognized
    
    
    RecognizedASC 815
    
    Income
    
    in Income
    
    
    in IncomeForeign exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    169,428
    
    
    $
    200,979Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    (42,525
    )
    
    
    2,084,592Total
    
    
    
    $
    126,903
    
    
    $
    2,285,571
 26




---



##### Table of Contents



Change in UnrealizedAppreciationDerivatives not
    
    
    
    
    
    
    (Depreciation) onDesignated as Hedging
    
    Location of Gain (Loss) on
    
    Realized Gain (Loss) on

    
    
    DerivativesInstruments under
    
    Derivatives Recognized in
    

    Derivatives Recognized
    
    
    RecognizedASC 815
    
    Income
    
    in Income
    
    
    in IncomeForeign exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    (196,293
    )
    
    $
    257,228Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    563,636
    
    
    
    4,491,381Total
    
    
    
    $
    367,343
    
    
    $
    4,478,609
  Change in UnrealizedAppreciationDerivatives not
    
    
    
    
    
    
    (Depreciation) onDesignated as Hedging
    
    Location of Gain (Loss) on
    
    Realized Gain (Loss) on
    
    
    DerivativesInstruments under ASC
    
    Derivatives Recognized in
    
    Derivatives Recognized
    
    
    Recognized815
    
    Income
    
    in Income
    
    
    in IncomeForeign exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    (123,140
    )
    
    $
    (73,026
    )Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    1,731,610
    
    
    
    (826,786
    )Total
    
    
    
    $
    1,608,470
    
    
    $
    (899,812
    )
 As of September 30, 2010Long Positions Gross Unrealized
    
    
    Short Positions Gross Unrealized% of
    
    
    
    
    
    
    % of
    
    
    
    
    
    
    % of
    
    
    
    
    
    
    % of
    
    
    Net UnrealizedNet
    
    
    
    
    
    
    Net
    
    
    
    
    
    
    Net
    
    
    
    
    
    
    Net
    
    
    Gain (Loss) onGains
    
    
    Assets
    
    
    Losses
    
    
    Assets
    
    
    Gains
    
    
    Assets
    
    
    Losses
    
    
    Assets
    
    
    Open PositionsForeign Exchange
    
    $
    307,266
    
    
    
    1.5
    
    
    $
    (4,117
    )
    
    
    (0.0)
    *
    
    $
    156
    
    
    
    0.0
    *
    
    
    (119,102
    )
    
    
    (0.6
    )
    
    $
    184,203Currency
    
    
    363,116
    
    
    
    1.8
    
    
    
    (2,889
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    360,227Financial
    
    
    58,944
    
    
    
    0.3
    
    
    
    (7,207
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    (56,672
    )
    
    
    (0.3
    )
    
    
    (4,934
    )Food & Fiber
    
    
    263,260
    
    
    
    1.3
    
    
    
    (7,628
    )
    
    
    (0.0)
    *
    
    
    260
    
    
    
    0.0
    *
    
    
    (1,743
    )
    
    
    (0.0)
    *
    
    
    254,148Indices
    
    
    153,978
    
    
    
    0.8
    
    
    
    (72,578
    )
    
    
    (0.4
    )
    
    
    6,541
    
    
    
    0.0
    *
    
    
    
    
    
    
    
    
    
    
    87,941Metals
    
    
    2,620,349
    
    
    
    13.2
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,620,349Livestock
    
    
    21,570
    
    
    
    0.1
    
    
    
    (9,260
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    12,310Energy
    
    
    229,343
    
    
    
    1.2
    
    
    
    
    
    
    
    (0.0)
    *
    
    
    207,400
    
    
    
    1.0
    
    
    
    (102,190
    )
    
    
    (0.5
    )
    
    
    334,553Totals
    
    $
    4,017,826
    
    
    
    20.2
    
    
    $
    (103,679
    )
    
    
    (0.4
    )
    
    $
    214,357
    
    
    
    1.0
    
    
    $
    (279,707
    )
    
    
    (1.4
    )
    
    $
    3,848,797
 
 *
    
    Due to rounding 27




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##### Table of Contents



Superfund Gold, L.P. average monthly contract volume by market sector as of Quarter Ended September
30, 2010: Average Number
    
    
    Average
    
    
    Average Value of
    
    
    Average Valueof Long
    
    
    Number of Short
    
    
    Long
    
    
    of ShortContracts
    
    
    Contracts
    
    
    Positions
    
    
    PositionsForeign Exchange
    
    
    75
    
    
    
    59
    
    
    $
    269,225
    
    
    $
    169,808
 Average Number
    
    
    Averageof Long
    
    
    Number of ShortContracts
    
    
    ContractsCurrency
    
    
    540
    
    
    
    147Financial
    
    
    1,041
    
    
    
    566Food & Fiber
    
    
    161
    
    
    
    29Indices
    
    
    978
    
    
    
    339Metals
    
    
    374
    
    
    
    28Livestock
    
    
    57
    
    
    
    8Energy
    
    
    187
    
    
    
    397Totals
    
    
    3,413
    
    
    
    1,573
  For the Three Months Ended September 30, 2010Change in NetNet Realized
    
    
    Unrealized
    
    
    Net TradingGain (Losses)
    
    
    Gains (Losses)
    
    
    Gains (Losses)Foreign Exchange
    
    $
    169,428
    
    
    $
    200,979
    
    
    $
    370,407Currency
    
    
    668,052
    
    
    
    186,260
    
    
    
    854,312Financial
    
    
    483,757
    
    
    
    (626,380
    )
    
    
    (142,623
    )Food & Fiber
    
    
    (112,384
    )
    
    
    268,935
    
    
    
    156,551Indices
    
    
    (339,745
    )
    
    
    196,296
    
    
    
    (143,449
    )Metals
    
    
    61,277
    
    
    
    1,708,278
    
    
    
    1,769,555Livestock
    
    
    (4,460
    )
    
    
    22,470
    
    
    
    18,010Energy
    
    
    (799,022
    )
    
    
    328,733
    
    
    
    (470,289
    )Total net trading gains
    
    $
    126,903
    
    
    $
    2,285,571
    
    
    $
    2,412,474
 For the Nine Months Ended September 30, 2010Change in NetNet Realized
    
    
    Unrealized
    
    
    Net TradingGain (Losses)
    
    
    Gains (Losses)
    
    
    Gains (Losses)Foreign Exchange
    
    $
    (196,293
    )
    
    $
    257,228
    
    
    $
    60,935Currency
    
    
    (42,779
    )
    
    
    456,914
    
    
    
    414,135Financial
    
    
    1,987,611
    
    
    
    60,865
    
    
    
    2,048,476Food & Fiber
    
    
    (288,507
    )
    
    
    119,919
    
    
    
    (168,588
    )Indices
    
    
    (312,319
    )
    
    
    (165,925
    )
    
    
    (478,244
    )Metals
    
    
    542,622
    
    
    
    3,715,421
    
    
    
    4,258,043Livestock
    
    
    (83,620
    )
    
    
    21,500
    
    
    
    (62,120
    )Energy
    
    
    (1,239,372
    )
    
    
    282,687
    
    
    
    (956,685
    )Total net trading gains
    
    $
    367,343
    
    
    $
    4,748,609
    
    
    $
    5,115,952
 28




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##### Table of Contents



Superfund Gold, L.P.  Series A
  Statement of Assets and
    
    Asset Derivatives at
    
    
    Liability DerivativesType of Instrument
    
    Liabilities Location
    
    September 30, 2010
    
    
    at September 30, 2010
    
    
    NetForeign exchange contracts
    
    Unrealized appreciation on open forward contracts
    
    $
    124,343
    
    
    $
    
    
    
    $
    124,343Foreign exchange contracts
    
    Unrealized depreciation on open forward contracts
    
    
    
    
    
    
    (40,358
    )
    
    
    (40,358
    )Futures contracts
    
    Futures contracts purchased & futures contacts sold
    
    
    1,693,971
    
    
    
    
    
    
    
    1,693,971Totals
    
    
    
    $
    1,818,314
    
    
    $
    (40,358
    )
    
    $
    1,777,956
  Change in UnrealizedAppreciationDerivatives not
    
    
    
    Realized Gain (Loss) on
    
    
    (Depreciation) onDesignated as Hedging
    
    Location of Gain (Loss) on
    
    Derivatives Recognized
    
    
    DerivativesInstruments under
    
    Derivatives Recognized in
    
    in
    
    
    RecognizedASC 815
    
    Income
    
    Income
    
    
    in IncomeForeign exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    76,378
    
    
    $
    90,257Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    (90,990
    )
    
    
    1,105,453Total
    
    
    
    $
    (14,612
    )
    
    $
    1,195,710
  Change in UnrealizedAppreciationDerivatives not
    
    
    
    Realized Gain (Loss) on
    
    
    (Depreciation) onDesignated as Hedging
    
    Location of Gain (Loss) on
    
    Derivatives Recognized
    
    
    DerivativesInstruments under ASC
    
    Derivatives Recognized in
    
    in
    
    
    Recognized in815
    
    Income
    
    Income
    
    
    IncomeForeign exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    52,845
    
    
    $
    83,984Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    239,869
    
    
    
    1,975,279Total
    
    
    
    $
    292,714
    
    
    $
    2,059,263
 29




---



##### Table of Contents



Change in UnrealizedDerivatives not
    
    
    
    
    
    
    
    AppreciationDesignated as Hedging
    
    Location of Gain (Loss)
    
    Realized Gain (Loss) on
    
    
    (Depreciation) onInstruments under ASC
    
    on Derivatives Recognized
    
    Derivatives Recognized
    
    
    Derivatives Recognized815
    
    in Income
    
    in Income
    
    
    in IncomeForeign exchange contracts
    
    Realized and unrealized  gain (loss) on investments
    
    $
    866
    
    
    $
    0Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    694,820
    
    
    
    (281,307
    )Total
    
    
    
    $
    695,686
    
    
    $
    (281,307
    )
 As of September 30, 2010Long Positions Gross Unrealized
    
    
    Short Positions Gross Unrealized% of
    
    
    
    
    
    
    % of
    
    
    
    
    
    
    % of
    
    
    
    
    
    
    % of
    
    
    Net UnrealizedNet
    
    
    
    
    
    
    Net
    
    
    
    
    
    
    Net
    
    
    
    
    
    
    Net
    
    
    Gain (Loss) onGains
    
    
    Assets
    
    
    Losses
    
    
    Assets
    
    
    Gains
    
    
    Assets
    
    
    Losses
    
    
    Assets
    
    
    Open PositionsForeign Exchange
    
    $
    124,343
    
    
    
    1.2
    
    
    $
    (1,769
    )
    
    
    (0.0)
    *
    
    $
    
    
    
    
    
    
    
    $
    (38,589
    )
    
    
    (0.4
    )
    
    $
    83,985Currency
    
    
    158,968
    
    
    
    1.6
    
    
    
    (1,909
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    157,059Financial
    
    
    20,122
    
    
    
    0.2
    
    
    
    (3,067
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    (21,805
    )
    
    
    (0.2
    )
    
    
    (4,750
    )Food & Fiber
    
    
    102,926
    
    
    
    1.0
    
    
    
    (3,205
    )
    
    
    (0.0)
    *
    
    
    260
    
    
    
    0.0
    *
    
    
    (424
    )
    
    
    (0.0)
    *
    
    
    99,557Indices
    
    
    59,128
    
    
    
    0.6
    
    
    
    (29,407
    )
    
    
    (0.3
    )
    
    
    2,538
    
    
    
    0.0
    *
    
    
    
    
    
    
    
    
    
    
    32,259Metals
    
    
    1,268,630
    
    
    
    12.6
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,268,630Livestock
    
    
    9,190
    
    
    
    0.1
    
    
    
    (4,010
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,180Energy
    
    
    90,880
    
    
    
    0.9
    
    
    
    
    
    
    
    
    
    
    
    88,390
    
    
    
    0.9
    
    
    
    (43,234
    )
    
    
    (0.4
    )
    
    
    136,036Totals
    
    $
    1,834,187
    
    
    
    18.2
    
    
    $
    (43,367
    )
    
    
    (0.3
    )
    
    $
    91,188
    
    
    
    0.9
    
    
    $
    (104,052
    )
    
    
    (1.0
    )
    
    $
    1,777,956
 
 *
    
    Due to rounding  Average Number
    
    
    Average
    
    
    Average Value
    
    
    Average Valueof Long
    
    
    Number of Short
    
    
    of Long
    
    
    of ShortContracts
    
    
    Contracts
    
    
    Positions
    
    
    PositionsForeign Exchange
    
    
    32
    
    
    
    23
    
    
    $
    92,961
    
    
    $
    48,205
 Average Number
    
    
    Averageof Long
    
    
    Number of ShortContracts
    
    
    ContractsCurrency
    
    
    242
    
    
    
    59Financial
    
    
    398
    
    
    
    275Food & Fiber
    
    
    60
    
    
    
    14Indices
    
    
    386
    
    
    
    126Metals
    
    
    177
    
    
    
    13Livestock
    
    
    23
    
    
    
    3Energy
    
    
    81
    
    
    
    177Totals
    
    
    1,399
    
    
    
    690
 30




---



##### Table of Contents



For the Three Months Ended September 30, 2010Change in NetNet Realized
    
    
    Unrealized
    
    
    Net TradingGain (Losses)
    
    
    Gains (Losses)
    
    
    Gains (Losses)Foreign Exchange
    
    $
    76,378
    
    
    $
    90,257
    
    
    $
    166,635Currency
    
    
    243,735
    
    
    
    102,203
    
    
    
    345,938Financial
    
    
    129,081
    
    
    
    (193,462
    )
    
    
    (64,381
    )Food & Fiber
    
    
    (50,738
    )
    
    
    103,586
    
    
    
    52,848Indices
    
    
    (93,141
    )
    
    
    56,057
    
    
    
    (37,084
    )Metals
    
    
    (18,223
    )
    
    
    897,278
    
    
    
    879,055Livestock
    
    
    1,430
    
    
    
    8,290
    
    
    
    9,720Energy
    
    
    (303,134
    )
    
    
    131,501
    
    
    
    (171,633
    )Total net trading gains (losses)
    
    $
    (14,612
    )
    
    $
    1,195,710
    
    
    $
    1,181,098
 For the Nine Months Ended September 30, 2010Change in NetNet Realized
    
    
    Unrealized
    
    
    Net TradingGain (Losses)
    
    
    Gains (Losses)
    
    
    Gains (Losses)Foreign Exchange
    
    $
    52,845
    
    
    $
    83,984
    
    
    $
    136,829Currency
    
    
    68,640
    
    
    
    172,156
    
    
    
    240,796Financial
    
    
    533,364
    
    
    
    3,178
    
    
    
    536,542Food & Fiber
    
    
    (104,740
    )
    
    
    83,617
    
    
    
    (21,123
    )Indices
    
    
    (89,499
    )
    
    
    16,415
    
    
    
    (73,084
    )Metals
    
    
    294,098
    
    
    
    1,555,501
    
    
    
    1,849,599Livestock
    
    
    (16,220
    )
    
    
    6,260
    
    
    
    (9,960
    )Energy
    
    
    (445,774
    )
    
    
    138,152
    
    
    
    (307,622
    )Total net trading gains
    
    $
    292,714
    
    
    $
    2,059,263
    
    
    $
    2,351,977
 Superfund Gold, L.P.  Series B
  LiabilityStatement of Assets and
    
    Asset Derivatives at
    
    
    Derivatives atType of Instrument
    
    Liabilities Location
    
    September 30, 2010
    
    
    September 30, 2010
    
    
    NetForeign exchange contracts
    
    Unrealized appreciation on open forward  contracts
    
    $
    164,709
    
    
    $
    
    
    
    $
    164,709Foreign exchange contracts
    
    Unrealized depreciation on open forward contracts
    
    
    
    
    
    
    (64,491
    )
    
    
    (64,491
    )Futures contracts
    
    Futures contracts purchased & futures contacts sold
    
    
    1,970,623
    
    
    
    
    
    
    
    1,970,632Totals
    
    
    
    $
    2,135,332
    
    
    $
    (64,491
    )
    
    $
    2,070,841
 31




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##### Table of Contents



Change in UnrealizedDerivatives not
    
    
    
    
    
    
    
    AppreciationDesignated as Hedging
    
    Location of Gain (Loss)
    
    Realized Gain (Loss) on
    
    
    (Depreciation) onInstruments under ASC
    
    on Derivatives Recognized
    
    Derivatives Recognized
    
    
    Derivatives Recognized815
    
    in Income
    
    in Income
    
    
    in IncomeForeign Exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    93,050
    
    
    $
    110,722Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    48,465
    
    
    
    979,139Total
    
    
    
    $
    141,515
    
    
    $
    1,089,861
  Change in UnrealizedDerivatives not
    
    
    
    
    
    
    
    AppreciationDesignated as Hedging
    
    Location of Gain (Loss)
    
    Realized Gain (Loss) on
    
    
    (Depreciation) onInstruments under ASC
    
    on Derivatives Recognized
    
    Derivatives Recognized
    
    
    Derivatives Recognized815
    
    in Income
    
    in Income
    
    
    in IncomeForeign Exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    (249,138
    )
    
    $
    173,244Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    323,767
    
    
    
    2,516,102Total
    
    
    
    $
    74,629
    
    
    $
    2,689,346
  Change in UnrealizedDerivatives not
    
    
    
    
    
    
    
    AppreciationDesignated as Hedging
    
    Location of Gain (Loss)
    
    Realized Gain (Loss) on
    
    
    (Depreciation) onInstruments under ASC
    
    on Derivatives Recognized
    
    Derivatives Recognized
    
    
    Derivatives Recognized815
    
    in Income
    
    in Income
    
    
    in IncomeForeign Exchange contracts
    
    Realized and unrealized gain (loss) on investments
    
    $
    (124,006
    )
    
    $
    (73,026
    )Futures contracts
    
    Realized and unrealized gain (loss) on investments
    
    
    1,036,790
    
    
    
    (545,479
    )Total
    
    
    
    $
    912,784
    
    
    $
    (618,505
    )
 32




---



##### Table of Contents



As of September 30, 2010Long Positions Gross Unrealized
    
    
    Short Positions Gross Unrealized% of
    
    
    
    
    
    
    % of
    
    
    
    
    
    
    % of
    
    
    
    
    
    
    % of
    
    
    Net UnrealizedNet
    
    
    
    
    
    
    Net
    
    
    
    
    
    
    Net
    
    
    
    
    
    
    Net
    
    
    Gain (Loss) onGains
    
    
    Assets
    
    
    Losses
    
    
    Assets
    
    
    Gains
    
    
    Assets
    
    
    Losses
    
    
    Assets
    
    
    Open PositionsForeign Exchange
    
    $
    182,923
    
    
    
    1.8
    
    
    $
    (2,348
    )
    
    
    (0.0)
    *
    
    $
    156
    
    
    
    0.0
    *
    
    $
    (80,513
    )
    
    
    (0.8
    )
    
    $
    100,218Currency
    
    
    204,148
    
    
    
    2.1
    
    
    
    (980
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    203,168Financial
    
    
    38,822
    
    
    
    0.4
    
    
    
    (4,140
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    (34,867
    )
    
    
    (0.4
    )
    
    
    (184
    )Food & Fiber
    
    
    160,334
    
    
    
    1.6
    
    
    
    (4,423
    )
    
    
    (0.0)
    *
    
    
    
    
    
    
    
    
    
    
    (1,319
    )
    
    
    (0.0)
    *
    
    
    154,591Indices
    
    
    94,850
    
    
    
    0.9
    
    
    
    (43,171
    )
    
    
    (0.4
    )
    
    
    4,003
    
    
    
    0.0
    *
    
    
    
    
    
    
    
    
    
    
    55,682Metals
    
    
    1,351,719
    
    
    
    13.7
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,351,719Livestock
    
    
    12,380
    
    
    
    0.2
    
    
    
    (5,250
    )
    
    
    (0.1
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7,130Energy
    
    
    138,463
    
    
    
    1.4
    
    
    
    
    
    
    
    
    
    
    
    119,010
    
    
    
    1.2
    
    
    
    (58,956
    )
    
    
    (0.6
    )
    
    
    198,517Totals
    
    $
    2,183,639
    
    
    
    22.1
    
    
    $
    (60,312
    )
    
    
    (0.5
    )
    
    $
    123,169
    
    
    
    1.2
    
    
    $
    (175,655
    )
    
    
    (1.8
    )
    
    $
    2,070,841
 
 *
    
    Due to rounding  Average Number
    
    
    Average
    
    
    Average Value
    
    
    Average Valueof Long
    
    
    Number of Short
    
    
    of Long
    
    
    of ShortContracts
    
    
    Contracts
    
    
    Positions
    
    
    PositionsForeign Exchange
    
    
    43
    
    
    
    36
    
    
    $
    176,264
    
    
    $
    121,603
 Average Number
    
    
    Averageof Long
    
    
    Number of ShortContracts
    
    
    ContractsCurrency
    
    
    298
    
    
    
    88Financial
    
    
    643
    
    
    
    291Food & Fiber
    
    
    101
    
    
    
    15Indices
    
    
    592
    
    
    
    213Metals
    
    
    197
    
    
    
    15Livestock
    
    
    34
    
    
    
    5Energy
    
    
    106
    
    
    
    220Totals
    
    
    2,014
    
    
    
    883
  For the Three Months Ended September 30, 2010Change in NetNet Realized
    
    
    Unrealized
    
    
    Net TradingGain (Losses)
    
    
    Gains (Losses)
    
    
    Gains (Losses)Foreign Exchange
    
    $
    93,050
    
    
    $
    110,722
    
    
    $
    203,772Currency
    
    
    424,317
    
    
    
    84,057
    
    
    
    508,374Financial
    
    
    354,676
    
    
    
    (432,918
    )
    
    
    (78,242
    )Food & Fiber
    
    
    (61,646
    )
    
    
    165,349
    
    
    
    103,703Indices
    
    
    (246,604
    )
    
    
    140,239
    
    
    
    (106,365
    )Metals
    
    
    79,500
    
    
    
    811,000
    
    
    
    890,500Livestock
    
    
    (5,890
    )
    
    
    14,180
    
    
    
    8,290Energy
    
    
    (495,888
    )
    
    
    197,232
    
    
    
    (298,656
    )Total net trading gains
    
    $
    141,515
    
    
    $
    1,089,861
    
    
    $
    1,231,376
 33




---



##### Table of Contents



For the Nine Months Ended September 30, 2010Change in NetNet Realized
    
    
    Unrealized
    
    
    Net TradingGain (Losses)
    
    
    Gains (Losses)
    
    
    Gains (Losses)Foreign Exchange
    
    $
    (249,138
    )
    
    $
    173,244
    
    
    $
    (75,894
    )Currency
    
    
    (111,419
    )
    
    
    284,758
    
    
    
    173,339Financial
    
    
    1,454,247
    
    
    
    57,687
    
    
    
    1,511,934Food & Fiber
    
    
    (183,767
    )
    
    
    36,302
    
    
    
    (147,465
    )Indices
    
    
    (222,820
    )
    
    
    (182,340
    )
    
    
    (405,160
    )Metals
    
    
    248,524
    
    
    
    2,159,920
    
    
    
    2,408,444Livestock
    
    
    (67,400
    )
    
    
    15,240
    
    
    
    (52,160
    )Energy
    
    
    (793,598
    )
    
    
    144,535
    
    
    
    (649,063
    )Total net trading gains
    
    $
    74,629
    
    
    $
    2,689,346
    
    
    $
    2,763,975
 5. Due from/to brokers
   6. Allocation of net profits and losses
   7. Related party transactions
   34




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##### Table of Contents



8. Financial highlights
  2010Series A-1
    
    
    Series A-2
    
    
    Series B-1
    
    
    Series B-2Total ReturnTotal return before incentive fees
    
    
    26.4
    %
    
    
    28.1
    %
    
    
    22.2
    %
    
    
    24.1
    %Incentive fees
    
    
    0.4
    %
    
    
    0.7
    %
    
    
    0.0
    %
    
    
    0.0
    %Total return after incentive fees
    
    
    26.0
    %
    
    
    27.4
    %
    
    
    22.2
    %
    
    
    24.1
    %Ratios to average partners capital*Operating expenses before incentive fees
    
    
    7.4
    %
    
    
    5.3
    %
    
    
    8.5
    %
    
    
    6.5
    %Incentive fees
    
    
    0.4
    %
    
    
    0.7
    %
    
    
    0.0
    %
    
    
    0.0
    %Total expenses
    
    
    7.8
    %
    
    
    6.0
    %
    
    
    8.5
    %
    
    
    6.5
    %Net investment loss*
    
    
    (7.2
    )%
    
    
    (5.2
    )%
    
    
    (8.5
    )%
    
    
    (6.5
    )%Net asset value per unit, beginning of period
    
    $
    1,056.90
    
    
    $
    1,111.40
    
    
    $
    873.68
    
    
    $
    886.92Net investment loss
    
    
    (66.59
    )
    
    
    (56.62
    )
    
    
    (58.56
    )
    
    
    (49.50
    )Net gain on investments
    
    
    341.52
    
    
    
    362.00
    
    
    
    252.84
    
    
    
    259.56Net asset value per unit, end of period
    
    $
    1,331.83
    
    
    $
    1,416.78
    
    
    $
    1,067.96
    
    
    $
    1,100.58Other per Unit information:Net increase in net assets from operations
per Unit (based upon weighted average Number
of Units during period)
    
    $
    317.16
    
    
    $
    353.62
    
    
    $
    202.17
    
    
    $
    237.65Net increase in net assets from operations
per Unit (based upon change in net asset
value per Unit)
    
    $
    274.93
    
    
    $
    305.38
    
    
    $
    194.28
    
    
    $
    213.65
 
 *
    
    Annualized for periods less than a year  2009Series A-1
    
    
    Series A-2
    
    
    Series B-1
    
    
    Series B-2Total ReturnTotal return before incentive fees
    
    
    9.0
    %
    
    
    13.3
    %
    
    
    0.1
    %
    
    
    1.1
    %Incentive fees
    
    
    0.2
    %
    
    
    1.0
    %
    
    
    0.0
    %
    
    
    0.0
    %Total return after incentive fees
    
    
    9.2
    %
    
    
    14.3
    %
    
    
    0.1
    %
    
    
    1.1
    %Ratios to average partners capital*Operating expenses before incentive fees
    
    
    6.0
    %
    
    
    4.3
    %
    
    
    8.8
    %
    
    
    6.1
    %Incentive fees
    
    
    0.2
    %
    
    
    1.0
    %
    
    
    0.0
    %
    
    
    0.0
    %Total expenses
    
    
    6.2
    %
    
    
    5.3
    %
    
    
    8.8
    %
    
    
    6.1
    %Net investment loss*
    
    
    (5.9
    )%
    
    
    (4.2
    )%
    
    
    (8.7
    )%
    
    
    (6.0
    )%Net asset value per unit, beginning of period
    
    $
    919.50
    
    
    $
    919.50
    
    
    $
    919.50
    
    
    $
    919.50Net investment loss
    
    
    (30.11
    )
    
    
    (27.41
    )
    
    
    (37.27
    )
    
    
    (26.06
    )Net gain on investments
    
    
    114.38
    
    
    
    158.95
    
    
    
    38.13
    
    
    
    36.20Net asset value per unit, end of period
    
    $
    1,003.77
    
    
    $
    1,051.04
    
    
    $
    920.36
    
    
    $
    929.64Other per Unit information:Net increase in net assets from operations
per Unit (based upon weighted average Number
of Units during period)
    
    $
    100.31
    
    
    $
    166.40
    
    
    $
    67.76
    
    
    $
    35.31Net increase in net assets from operations
per Unit (based upon change in net asset
value per Unit)
    
    $
    84.27
    
    
    $
    131.54
    
    
    $
    0.86
    
    
    $
    10.14
 
 *
    
    Annualized for periods less than a year 35




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##### Table of Contents



2010Series A-1
    
    
    Series A-2
    
    
    Series B-1
    
    
    Series B-2Total ReturnTotal return before incentive fees
    
    
    10.9
    %
    
    
    11.4
    %
    
    
    11.5
    %
    
    
    12.0
    %Incentive fees
    
    
    0.0
    %
    
    
    0.1
    %
    
    
    0.0
    %
    
    
    0.0
    %Total return after incentive fees
    
    
    10.9
    %
    
    
    11.3
    %
    
    
    11.5
    %
    
    
    12.0
    %Ratios to average partners capital*Operating expenses before incentive fees
    
    
    7.1
    %
    
    
    5.1
    %
    
    
    8.0
    %
    
    
    6.0
    %Incentive fees
    
    
    0.0
    %
    
    
    0.1
    %
    
    
    0.0
    %
    
    
    0.0
    %Total expenses
    
    
    7.1
    %
    
    
    5.2
    %
    
    
    8.0
    %
    
    
    6.0
    %Net investment loss*
    
    
    (7.0
    )%
    
    
    (5.0
    )%
    
    
    (7.9
    )%
    
    
    (5.9
    )%Net asset value per unit, beginning of period
    
    $
    1,201.09
    
    
    $
    1,272.23
    
    
    $
    957.90
    
    
    $
    982.23Net investment loss
    
    
    (21.40
    )
    
    
    (17.24
    )
    
    
    (19.12
    )
    
    
    (14.70
    )Net gain on investments
    
    
    152.14
    
    
    
    161.79
    
    
    
    129.18
    
    
    
    133.05Net asset value per unit, end of period
    
    $
    1,331.83
    
    
    $
    1,416.78
    
    
    $
    1,067.96
    
    
    $
    1,100.58Other per Unit information:Net increase in net assets from operations
per Unit (based upon weighted average Number
of Units during period)
    
    $
    142.90
    
    
    $
    159.39
    
    
    $
    116.01
    
    
    $
    129.47Net increase in net assets from operations
per Unit (based upon change in net asset
value per Unit)
    
    $
    130.74
    
    
    $
    144.55
    
    
    $
    110.06
    
    
    $
    118.35
 
 *
    
    Annualized for periods less than a year  2009Series A-1
    
    
    Series A-2
    
    
    Series B-1
    
    
    Series B-2Total ReturnTotal return before incentive fees
    
    
    11.2
    %
    
    
    12.0
    %
    
    
    10.0
    %
    
    
    10.5
    %Incentive fees
    
    
    0.2
    %
    
    
    0.8
    %
    
    
    0.0
    %
    
    
    0.0
    %Total return after incentive fees
    
    
    11.0
    %
    
    
    11.2
    %
    
    
    10.0
    %
    
    
    10.5
    %Ratios to average partners capital*Operating expenses before incentive fees
    
    
    6.2
    %
    
    
    4.6
    %
    
    
    8.1
    %
    
    
    5.8
    %Incentive fees
    
    
    0.2
    %
    
    
    0.8
    %
    
    
    0.0
    %
    
    
    0.0
    %Total expenses
    
    
    6.4
    %
    
    
    5.4
    %
    
    
    8.1
    %
    
    
    5.8
    %Net investment loss*
    
    
    (6.1
    )%
    
    
    (4.5
    )%
    
    
    (8.0
    )%
    
    
    (5.8
    )%Net asset value per unit, beginning of period
    
    $
    904.47
    
    
    $
    945.55
    
    
    $
    837.01
    
    
    $
    841.22Net investment loss
    
    
    (16.52
    )
    
    
    (19.26
    )
    
    
    (17.24
    )
    
    
    (12.39
    )Net gain on investments
    
    
    115.82
    
    
    
    124.75
    
    
    
    100.59
    
    
    
    100.81Net asset value per unit, end of period
    
    $
    1,003.77
    
    
    $
    1,051.04
    
    
    $
    920.36
    
    
    $
    929.64Other per Unit information:Net increase in net assets from operations
per Unit (based upon weighted average Number
of Units during period)
    
    $
    103.03
    
    
    $
    118.20
    
    
    $
    97.25
    
    
    $
    89.43Net increase in net assets from operations
per Unit (based upon change in net asset
value per Unit)
    
    $
    99.30
    
    
    $
    105.49
    
    
    $
    83.35
    
    
    $
    88.42
 
 *
    
    Annualized for periods less than a year  36




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##### Table of Contents



9. Financial instrument risk
         10. Subscriptions and redemptions
  37




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##### Table of Contents



11. Subsequent events
  ITEM 2.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
 INTRODUCTION
  LIQUIDITY
    CAPITAL RESOURCES
  38




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##### Table of Contents



RESULTS OF OPERATIONS
 Three Months Ended September 30, 2010
   39




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##### Table of Contents



Three Months Ended June 30, 2010
   40




---



##### Table of Contents



Three Months Ended March 31, 2010
   41




---



##### Table of Contents



Three Months Ended September 30, 2009
   42




---



##### Table of Contents



Three Months Ended June 30, 2009
     43




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##### Table of Contents



OFF-BALANCE SHEET RISK
   OFF-BALANCE SHEET ARRANGEMENTS
  CONTRACTUAL OBLIGATIONS
  CRITICAL ACCOUNTING POLICIES  VALUATION OF THE FUNDS POSITIONS
  RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
 ASU 2010-06
 Improving Disclosures about Fair Value Measurements Fair Value Measurements and
Disclosures
 44




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##### Table of Contents



ITEM 3.
    
    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
  ITEM 4T.
    
    CONTROLS AND PROCEDURES
   45




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##### Table of Contents



PART II  OTHER INFORMATION
 ITEM 1.
    
    LEGAL PROCEEDINGS
  ITEM 1A.
    
    RISK FACTORS
  ITEM 2.
    
    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
 (a)
    
    There were no sales of unregistered securities during the quarter ended September 30, 2010.(b)
    
    Updated information required by Item 701(f) of Regulation S-K:
 (1)
    
    
    The use of proceeds information is being disclosed for Registration Statement
No. 333-151632 declared effective on February 17, 2009.(4)
    (iv)

    
    As of September 30, 2010, the Fund sold $6,971,918 of Series A-1 Units,
$1,846,921 of Series A-2 Units, $8,164,652 of Series B-1 Units, and $3,373,975 of
Series B-2 Units.(v)

    
    As of September 30, 2010, the Fund incurred expenses for the account of the
Fund totaling $1,472,271 of which $1,196,293 was paid to Superfund Capital Management
and $275,978 was paid to Superfund USA.(vi)
    

    Net offering proceeds to the Fund as of September 30, 2010 were $18,885,195.(vii)

    
    As of September 30, 2010, the amount of net offering proceeds to the Fund
for commodity futures and forward trading in accordance with Superfund Capital
Managements trading program totaled $18,885,195.
 (c)
    
    Pursuant to the Limited Partnership Agreement, investors may redeem their Units at the end of
each calendar month at the then current month-end Net Asset Value per Unit. The redemption of
Units has no impact on the value of Units that remain outstanding, and Units are not reissued
once redeemed.The following tables summarize the redemptions by investors during the three months ended
September 30, 2010:
  Net AssetMonth
    
    Units Redeemed
    
    
    Value per Unit ($)July 31, 2010
    
    
    10.017
    
    
    
    1,097.75August 31, 2010
    
    
    10.219
    
    
    
    1,212.68September 30, 2010
    
    
    91.743
    
    
    
    1,331.83Total
    
    
    111.979
  Net AssetMonth
    
    Units Redeemed
    
    
    Value per Unit ($)July 31, 2010
    
    
    5.424
    
    
    
    1,164.72August 31, 2010
    
    
    31.327
    
    
    
    1,288.82September 30, 2010
    
    
    0.000
    
    
    
    1,416.78Total
    
    
    36.751
 46




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##### Table of Contents



Net AssetMonth
    
    Units Redeemed
    
    
    Value per Unit ($)July 30, 2010
    
    
    58.823
    
    
    
    852.68August 31, 2010
    
    
    9.907
    
    
    
    958.10September 30, 2010
    
    
    38.980
    
    
    
    1,067.96Total
    
    
    107.710
  Net AssetMonth
    
    Units Redeemed
    
    
    Value per Unit ($)July 30, 2010
    
    
    148.448
    
    
    
    875.80August 31, 2010
    
    
    0.000
    
    
    
    985.72September 30, 2010
    
    
    5.574
    
    
    
    1,100.58Total
    
    
    154.022
 ITEM 3.
    
    DEFAULTS UPON SENIOR SECURITIES
  ITEM 4.
    
    (REMOVED AND RESERVED)
 ITEM 5.
    
    OTHER INFORMATION
  ITEM 6.
    
    EXHIBITS
  31.1
    
    Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer31.2
    
    Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer32.1
    
    Section 1350 Certification of Principal Executive Officer32.2
    
    Section 1350 Certification of Principal Financial Officer
 47




---



##### Table of Contents



SIGNATURES
  Date: November 15, 2010
    SUPERFUND GOLD, L.P.
             (Registrant)By:
    Superfund Capital Management, Inc. General PartnerBy:
    /s/ Nigel JamesNigel JamesPresident and Principal Executive OfficerBy:
    /s/ Martin SchneiderMartin SchneiderVice President and 
Principal Financial Officer 48




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##### Table of Contents



Exhibit Number
    
    Description of Document
    
    Page Number31.1
    
    Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
    
    E-231.2
    
    Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer
    
    E-332.1
    
    Section 1350 Certification of Principal Executive Officer
    
    E-432.2
    
    Section 1350 Certification of Principal Financial Officer
    
    E-5
 E-1