S Saruman
Tell me, Gandalf, did you think these plans and schemes of yours would go unnoticed?
Unnoticed? No, I... I'm simply doing what I feel to be right.
Galadriel The dragon has long been on your mind.
This is true, my lady. Smaug owes allegiance to no one, but if he should side with the Enemy... A dragon could be used to terrible effect.
S Saruman
What enemy? Gandalf, the Enemy is defeated. Sauron is vanquished. He can never regain his full strength.
[extended scene]
Does it not worry you that the last of the Dwarf-rings should simply vanish along with its bearer? Of the Seven Dwarf-rings, four were consumed by dragons, two were taken by Sauron before he fell in Mordor. The fate of the last Dwarf-ring remains unknown. The ring that was borne by Thrain.
S Saruman
Without the Ruling Ring of Power, the Seven are no value to the Enemy. To control the other Rings, he needs the One. And that Ring was lost long, long ago. It was swept out to sea by the waters of the Anduin.
Gandalf. For four-hundred years, we have lived in peace, a hard-won, Watchful Peace.
Are we- are we at peace? Trolls have come down from the mountains, they are raiding villages, destroying farms. Orcs have attacked us on the road!
S Saruman
Always you must meddle, looking for trouble when none exists.
Galadriel Let him speak.
There is something at work beyond the evil of Smaug. Something far more powerful. We could remain blind to it but it will not be ignoring us, that I can promise you. A sickness lies over the Greenwood. The Woodsmen who live there now call it Mirkwood and, uh, they say...
S Saruman
Well, don't stop now. Tell us what the Woodsmen say.
They speak of a Necromancer living in Dol Guldur, a sorcerer who could summon the dead.
S Saruman
That's absurd. No such power exists in this world. This "Necromancer" is nothing more than a mortal man. A conjurer dabbling in black magic.
And so I thought too, but Radagast had seen...
S Saruman
Radagast? Do not speak to me of Radagast the Brown. He is a foolish fellow.
Well, he's odd, I'll grant you. He lives a solitary life...
S Saruman
It's not that. It's his excessive consumption of mushrooms! They've addled his brain and yellowed his teeth!
Galadriel [voice-over]
You carry something. It came to you from Radagast. He found it in Dol Guldur.
Galadriel Show me.
Galadriel A relic... of Mordor.
Galadriel Made for the Witch-king of Angmar... And buried with him. When Angmar fell, the Men of the North took his body and all that he possessed and sealed it within the High Fells of Rhudaur. Deep within the rock, they buried him. In a tomb so dark... it would never come to light.
This is not possible. A powerful spell lies upon those tombs, they cannot be opened.
S Saruman
What proof do we have this weapon came from Angmar's grave?
[reluctantly]
I have none.
S Saruman
Because there is none! Let us examine what we know: A single Orc pack has dared to cross the Bruinen, a dagger from a bygone age has been found and a human sorcerer who calls himself the Necromancer has taken up residence in a ruined fortress. It's not so very much. After all, the question of this Dwarvish company, however, troubles me deeply. I'm not convinced, Gandalf. I do not feel I can condone such a quest. If they had come to me, I might have spared them from this disappointment...
Galadriel They are leaving.
Galadriel You knew. [Lindir rushes in]
L Lindir
My lord, the dwarves, they're gone!
Galadriel You will follow them.
Galadriel You are right to help Thorin Oakenshield, but I fear this quest has set in motion forces we do not yet understand. The riddle of the Morgul-blade must be answered. Something moves in the shadows, unseen, hidden from our sight. It will not show itself, not yet...but every day it grows in strength. You must be careful. [Gandalf nods and turns to leave] Mithrandir, why the halfling?
I don't know. Saruman believes it is only great power that can hold evil in check, but that is not what I have found. I've found it is the small things; everyday deeds of ordinary folk that keeps the darkness at bay... simple acts of kindness, and love. Why Bilbo Baggins? Perhaps it is because I am afraid... and he gives me courage.
Galadriel [takes his hands]
Do not be afraid, Mithrandir. You are not alone. [in Elvish] If you ever need my help, I will come.