To the excellent piece by fluffypony, may I add:

CK the Game is growing at a tremendous speed (%-wise). It is played solely with XMR and the value of the world is already 141,000 XMR. Since it was only 82,000 XMR 22 days ago, the growth rate is 2.5% daily at present. Let the wise draw their conclusions

In my opinion, mining just switched from asic owners to gpu owners.  Buyers did not change.  There's no reason the price would change unless gpu miners dumping mentality differs from asic miners.  Regardless, we are mining now so price increase would be nice!