No. The price has been increasing gradually and abruptly for the last 2 or 3 months. As well, over the past 2 days GA says there's been 26,107 unique visitors to my Silk Road page; if 1% actually buys bitcoins (in line with the famous 1% rule of the Internet), that's just 260 people buying bitcoins.
http://blockchain.info/charts/estimated-transaction-volume-u... suggests that daily bitcoin blockchain transactions make up something like $8m; much of this is just people shuffling bitcoins around of course, but even so, 260 people aren't going to push the exchange rate to $29!
http://blockchain.info/charts/estimated-transaction-volume-u... suggests that daily bitcoin blockchain transactions make up something like $8m; much of this is just people shuffling bitcoins around of course, but even so, 260 people aren't going to push the exchange rate to $29!