Wolf and Trustworthy God
-The price of the pyrite keeps going up and Lawrence believes that Holo is on Amati’s side, not his. He then received news that a town-merchant is interested to sell him his stock of pyrite to avoid profiting too much too obviously, and he then sold all his pyrite stock on hand but this only served to drive the price up as someone snapped them up promptly.
- Deanna’s messenger came and informed him that her negotiations failed so no assistance from her in the form of pyrite is going to come.
- In a last ditch effort, Lawrence sells the remaining pyrite stock he just acquired, and to his amazement, Holo turned out to be the one buying the pyrite from Deanna, and together they crashed the pyrite market by selling all their stock.
- Holo revealed that it was all a ploy to take Amati to the cleaners and she was upset that Lawrence even suspected her when he should trust that she was on his side throughout.

End of this story-arc and it was quite a heartwarming ending, with Holo blaming Lawrence for having insufficient trust in her and him admitting his fault. It turns out that Holo made numerous hints to Lawrence in order to assist him but in his confusion and panic, he over thought stuff and didn’t take note of them at all.
Lawrence proceeds to apologize to her sincerely and made a sorta confession to her about how he feels. It turns out that Holo also figured his plan from the start and was slightly impressed by it. She then searched Deanna out in the Alchemists’ Quarter and talked to her but was then interrupted by the arrival of Lawrence who was interested to purchase pyrite. This meant that she heard everything that he said about her being his ‘precious cargo’ and about his question on whether were there any previous instances of a pagan god taking a human as a mate.
Deanna turned out not to be human after all, but a large bird in human form (one of the pagan gods or animal spirits I guess, like Holo), which accounts for the many white feathers strewn on the floor in her house. Her back-story was that she had a relationship with a travelling priest and they worked a long time to build a church. However, the priest grew suspicious of her as she never did aged and that was the end of their relationship.
Holo declared that she wants to return to her homeland after all, even though it might no longer be existing. Both of them moved on to the town square as a couple to view the end of the festivities.
The last 10 minutes of this episode was sort of moe-overload with Holo presenting her sensitive and soft side, which I guess is the main reason why this anime is rather popular. Can’t complain though as I thought this was the best episode of the season so far, with an equal mix of revelation, thinking and story-line exploration as well as most importantly, character relationship development.
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