Hmm...off the top of my head I think I recall Malbeth collapsing and dying after making the prophecy about the Dead and the one who can command them? Sorry, I haven't read the books for a long time and don't have them on me at the moment, so that's the best argument I can offer up against Gandalf being Malbeth the Seer. An interesting theory though, I've never heard it before and who knows, maybe there are arguments that can lend credence to it. However, I personally doubt it.
You raise an interesting point about what Gandalf was doing throughout that 'quieter' period. I would've loved to see the wily old wizard at work using his Ring and his natural charisma to stir up hope in the hearts of Elves and Men again- a pity Tolkien never expounded upon this (except for the conversation between Gandalf and Thorin).
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Et Eärello Endorenna utúlien. Sinome maruvan ar Hildinyar tenn' Ambar-metta.
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