You know what's interesting is to me is how small the spread is on the Blue. Just 6 pesos spread on what is effectively 200? Only 3%?
I suppose if the people operating the cuevas are confident that the Blue will continue to rise, then that spread is actually bigger than it looks. I mean, if you buy at 6 pesos less than the sell price today, but by the time you actually sell the dollars tomorrow, the blue has gone up another 10 pesos, then your actual margin is 16 pesos, not 6.