Renaissance's golden bet on Newmont Mining


By Pete Gallo

Filings with the Securities and Exchange Commission show a Renaissance Technologies portfolio laden with enough precious-metal stocks to inspire envy from the Doge of the Venetian Republic during its heyday.

And as the U.S. stock market in September faced its gravest moments since 1929, Jim Simons' portfolio team must have been thankful for that scant silver lining in the market storm - an upsurge in gold and silver stocks.

As of the start of the third quarter, Renaissance held large positions in no less than six silver production and mining stocks. And in the gold sector, filings