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The last couple of weeks have been historic for metals. From the close on 12/10 through the pre-market, the various ETFs tied to gold, silver, platinum, and palladium have surged anywhere from 6.8% for gold (GLD) to 44.5% for platinum (PLTM). The magnitude of gains in such a short period of time is practically unheard of.

To put some perspective on the moves, the table below lists the top-performing stocks in the S&P 500 since the close on 12/10. All 14 stocks listed have had double-digit percentage moves. Surprisingly, the three biggest gainers have all been cruise lines with Norwegian Cruise Line (NCLH), Carnival (CCL), and Royal Caribbean (RCL) rallying between just under 13% to just over 20%. As impressive as those gains are, though, based on where the metals ETFs are trading this morning, Platinum (PLTM), Palladium (PALL), and Silver (SLV) have all seen larger gains, and if they were S&P 500 stocks, they would rank as 1, 2, and 3, respectively. Platinum is up more than twice as much as the S&P 500's top-performing stock (NCLH)! Even gold, with its 6.82% gain, would rank as the 43rd top-performing stock in the S&P 500. Is it the Mag 7 or the Mag Metals?

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