No its not the cache! In the JS the request is still made and recorded.
There is a mistake somewhere. I don’t think you really get 100,000 page views a day and your stats program is probably counting hits or your site is in Frames (a frameset of 3 pages produces 4 pages of hits on the first visit and maybe more if your stats program is counting .js and .css).
Install
www.google.com/analytics/ and find out how much you really get!