Detailed mineral (rock) magnetic measurements, including high-resolution magnetic hysteresis loops, were carried out on three sediment cores recovered from the Reykjanes Ridge in the North Atlantic. Supported by physical grain-size analyses, titanomagnetite grain-size variations form a proxy of the speed of near-bottom currents and reveal a cyclic saw-tooth pattern between Dansgaard-Oeschger cycles 8 and 5. The magnetic grain-size data suggest that these Dansgaard-Oeschger cycles were characterized by gradual intensification of the near-bottom current speed, while other paleoceanographic proxies indicate escalating iceberg discharge and declining sea surface temperatures. These observations are contrary to the frequently assumed and strictly applied positive relationship between high-latitude warmth and North Atlantic Deep Water formation. Within the confines of temporal control, however, it would appear that peaks in iceberg discharge and slow near-bottom current speeds were synchronous. The magnetic hysteresis data also demonstrate that magnetic concentration parameters, such as magnetic susceptibility, do not necessarily provide direct evidence of paleocirculation.