everyone knows this is purely speculative/silk road driven
I can't even tell you how wrong that statement is...

Don't you think it was a single-player pump-n-dump operation? Slow, persistent buying over two months to build up confidence, then a massive dump.
There was certainely occasions when it looked like it - someone was countering all corrections to fuel the confidence. For example look at this:
http://bitcoincharts.com/charts/mtgoxUSD#rg10zig1-minzczsg2012-08-17zeg2012-08-17ztgSza1gEMAzm1g10za2gEMAzm2g21zi1gMACDzvA dump quickly countered so that the trend lines hold, that was not rational assumming accumulation goal. There were others - but this is perhaps the most obvious. But I think that he did not actually profit from this - he did not predict that the reaction will be so strong. I hoped he'd dump this dump as well.