Then swift ariseth Sigurd, and the Wrath in his hand is bare,
And he looketh, and Regin sleepeth, and his eyes wide-open glare;
But his lips smile false in his dreaming, and his hand is on the sword;
For he dreams himself the Master and the new world's fashioning-lord.
And his dream hath forgotten Sigurd, and the King's life lies in the pit;
He is nought; Death gnaweth upon him, while the Dwarfs in mastery sit.

But lo, how the eyes of Sigurd the heart of the guileful behold,
And great is Allfather Odin, and upriseth the Curse of the Gold,
And the Branstock bloometh to heaven from the ancient wondrous root;
The summer hath shone on its blossoms, and Sigurd's Wrath is the fruit:
Dread then he cried in the desert: "Guile-master, lo thy deed!
Hast thou nurst my life for destruction, and my death to serve thy need?
Hast thou kept me here for the net and the death that tame things die?
Hast thou feared me overmuch, thou Foe of the Gods on high?
Lest the sword thine hand was wielding should turn about and cleave
The tangled web of nothing thou hadst wearied thyself to weave.
Lo here the sword and the stroke! judge the Norns betwixt us twain!
But for me, I will live and die not, nor shall all my hope be vain."

Then his second stroke struck Sigurd, for the Wrath flashed thin and white,
And 'twixt head and trunk of Regin fierce ran the fateful light;
And there lay brother by brother a faded thing and wan.
But Sigurd cried in the desert: "So far have I wended on!
Dead are the foes of God-home that would blend the good and the ill;
And the World shall yet be famous, and the Gods shall have their will.
Nor shall I be dead and forgotten, while the earth grows worse and worse?
With the blind heart king o'er the people, and binding curse with curse."

How Sigurd took to him the Treasure of the Elf Andvari.

Now Sigurd eats of the heart that once in the Dwarf-king lay,
The hoard of the wisdom begrudged, the might of the earlier day.
Then wise of heart was he waxen, but longing in him grew
To sow the seed he had gotten, and till the field he knew.
So he leapeth aback of Greyfell, and rideth the desert bare.
And the hollow slot of Fafnir, that led to the Serpent's lair.
Then long he rode adown it, and the ernes flew overhead,
And tidings great and glorious, of that Treasure of old they said.
So far o'er the waste he wended, and when the night was come
He saw the earth-old dwelling, the dread Gold-wallower's home:
On the skirts of the Heath it was builded by a tumbled stony bent;
High went that house to the heavens, down 'neath the earth it went.
Of unwrought iron fashioned for the heart of a greedy king:
'Twas a mountain, blind without, and within was its plenishing
But the Hoard of Andvari the ancient, and the sleeping Curse unseen,
The Gold of the Gods that spared not and the greedy that have been.

Through the door strode Sigurd the Volsung, and the grey moon and the sword
Fell in on the tawny gold-heaps of the ancient hapless Hoard:
Gold gear of hosts unburied, and the coin of cities dead,
Great spoil of the ages of battle, lay there on the Serpent's bed:
Huge blocks from mid-earth quarried, where none but the Dwarfs have mined,
Wide sands of the golden rivers no foot of man may find
Lay 'neath the spoils of the mighty and the ruddy rings of yore:
But amidst was the Helm of Aweing that the Fear of earth-folk bore,
And there gleamed a wonder beside it, the Hauberk all of gold,
Whose like is not in the heavens nor has earth of its fellow told:
There Sigurd seeth moreover Andvari's Ring of Gain,
The hope of Loki's finger, the Ransom's utmost grain;
For it shone on the midmost gold-heap like the first star set in the sky
In the yellow space of even when moon-rise draweth anigh.
Then laughed the Son of Sigmund, and stooped to the golden land,
And gathered that first of the harvest and set it on his hand;
And he did on the Helm of Aweing, and the Hauberk all of gold,
Whose like is not in the heavens nor has earth of its fellow told:
Then he praised the day of the Volsungs amid the yellow light,
And he set his hand to the labour and put forth his kingly might;
He dragged forth gold to the moon, on the desert's face he laid
The innermost earth's adornment, and rings for the nameless made;
He toiled and loaded Greyfell, and the cloudy war-steed shone
And the gear of Sigurd rattled in the flood of moonlight wan;
There he toiled and loaded Greyfell, and the Volsung's armour rang
Mid the yellow bed of the Serpent: but without the eagles sang:

"Bind the red rings, O Sigurd! let the gold shine free and clear!
For what hath the Son of the Volsungs the ancient Curse to fear?"

"Bind the red rings, O Sigurd! for thy tale is well begun,
And the world shall be good and gladdened by the Gold lit up by the sun."

"Bind the red rings, O Sigurd! and gladden all thine heart!
For the world shall make thee merry ere thou and she depart."

"Bind the red rings, O Sigurd! for the ways go green below,
Go green to the dwelling of Kings, and the halls that the Queen-folk know."