It's been said in other posts that the price is being suppressed on the exchanges. It's getting clearer each day. This is the consequence of unregulated exchanges. It would take a coordinated buying effort by institutional traders (small as they might be) to break down the walls. Really feel bitcoin is in an artificial bottleneck. Bitcoin needs some air to breath.
If you want regulation, go play with some government fiat please. They like that kind of shit.