"In fading fearless nights" suggests a journey, where the speaker may have navigated through challenges and uncertainties. The question "Have we been led/Or wandered here?" amplifies this uncertainty, as the speaker wonders whether they have been guided by destiny or simply stumbled upon their current situation. The line "Let it all come forth/And see the sign" implies that the speaker is seeking clarity and direction. They may be feeling lost or confused, and are hoping for a clear indication of what path to take. The repeated question "Am I alone" suggests a sense of isolation and perhaps even desperation. The speaker is searching for someone or something to help them navigate their situation. The line "Am I finding a man" could be interpreted in a few different ways. It could be a literal question, asking if the speaker is searching for a specific individual who can provide guidance. It could also be a more metaphorical question, asking if the speaker is seeking a sense of purpose or direction. Overall, "Magnetic North" seems to be a song about feeling lost and searching for direction. The imagery of navigation and exploration suggests that the song is about a journey of some sort, both literally and metaphorically. While the lyrics don't provide a clear resolution, they suggest that the speaker is actively seeking guidance and hoping to find their way.