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October 2, 2024

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In this video from StockCharts TV, Julius takes a detailed look at the monthly charts for all US sectors and the S&P 500. With many sectors breaking to new highs, he highlights how the long-term uptrend for the S&P 500 remains intact. Julius also examines the monthly timeframe RRG, showcasing how various sectors are performing relative to one another. All sectors are “strong,” but some sectors are “more strong” than others.

This video was originally published on October 1, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

China’s central bank is back in action, cutting interest rates and lowering reserve requirements to boost its economy. Well, guess what? Metals are feeling it, big time. Gold prices hit a record high, and copper and silver prices saw huge surges due to high demand.

As a trader scanning the market for opportunities, you’re probably wondering how these metals are trending and if there are any clear signs they’re still worth buying—or if the ship has already sailed.

What’s the Short-Term vs. Long-Term Sentiment on These Metals?

We can’t know exactly what short-term and long-term are doing with regard to these metals. Still, we can gauge their sentiment using a technical analysis proxy: the Guppy Multiple Moving Average. In short, there are two ribbon MA groups in this indicator:

  • The short-term group (red MA ribbons) consists of six exponential moving averages (EMAs) with periods of 3, 5, 8, 10, 12, and 15, reflecting the sentiment of short-term traders.
  • The long-term group (blue MA ribbon) has six EMAs, with periods of 30, 35, 40, 45, 50, and 60, representing the sentiment of long-term investors.

We will use a corresponding ETF as the proxy for each metal.

SPDR Gold Shares (GLD)

Let’s bring up this daily 6-month chart of GLD (you can also click the chart image below).

CHART 1. DAILY CHART OF GLD. Trending strong, but is it overbought?Chart Source: StockChartsACP. For educational purposes.

GLD is in record-high territory, and its next move will depend on a mix of global economic and geopolitical trends (meaning it’s anyone’s guess). But the GMMA technicals provide a narrative to follow:

  • The ribbons are well spread apart, indicating that the current uptrend is very strong.
  • The Chaikin Money Flow’s (CMF) slight decrease and Relative Strength Index’s (RSI) decline from “overbought” territory hints at a pullback, though it’s still too early to tell.
  • When GLD eventually pulls back, expect the longer-term (blue) ribbon to act as a support zone. A close below it could trigger traders to sell, while a bounce off the bottom of the ribbon is usually seen as a buy signal.

iShares Silver Trust (SLV)

As gold prices continue to soar, silver presents a slightly different picture. Let’s shift to a 9-month daily chart of our silver proxy, iShares Silver Trust (SLV).

CHART 2. DAILY CHART OF SLV. A little toppy, or will we see a breakout?Chart Source: StockChartsACP. For educational purposes.

With resistance at around $29.60 (see blue dotted line), SLV looks a little “toppy ” while hinting at a bullish breakout.

  • The CMF is in the negative, telling us that selling pressure has taken over and that SLV might not have enough momentum to break through the ceiling.
  • The RSI, on the other hand, indicates that SLV still has some room to run, although it does show a slight divergence when comparing the current high and May high against the RSI’s corresponding high points.
  • The GMMA paints a picture of a strong near-term surge, but, given the sideways consolidation near the top, it’s secondary to the actual pattern taking place (either a top or a breakout).

So, basically, it’s a wait-and-see moment for the white metal. But if it does break out, expect resistance (and possible price targets at the following highs), as shown in the monthly chart below.

CHART 3. MONTHLY CHART OF SLV. Note the blue lines illustrating expected resistance levels should SLV break above current resistance.Chart Source: StockChartsACP. For educational purposes.

Expect resistance at:

  • $34.08 – September 2012
  • $36.44 – February 2012
  • $42.78 – August 2011
  • $48.35 – All-time high April 2011

United States Copper Fund (CPER)

Looking at the daily chart below, there was a breakout above $28.80. The question is whether it will follow through.

CHART 4. DAILY CHART OF CPER. A rapid surge leading to a breakout?Chart Source: StockChartsACP. For educational purposes.

The CMF shows a strong and continuing surge in buying pressure. The RSI just dipped from the 70 line, not quite in overbought territory.

Looking at the GMMA ribbons, note the suddenness and strength of the short-term ribbon against a “compressed” long-term ribbon. Besides indicating bullishness, what’s remarkable is the speed at which shorter-term traders piled in, pushing prices higher to the current breakout.

Given the momentum fueling the current surge, a follow-through is likely, with the next level of resistance at its all-time high of $31.63. If you entered (or are looking to enter) a long position, look to the bottom of the long-term ribbon to set a stop loss.

At the Close

As China’s latest stimulus shakes up the metals market, keep an eye on sentiment (via GMMA proxy) to gauge which metal may be surging ahead or losing steam. Gold prices look like they might surge ahead, perhaps after a breather. Silver’s price is at a crossroads, while copper is hinting at more upside, possibly reaching, if not challenging, its all-time high. It’s worth adding the three charts discussed in this article to your ChartLists.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation or without consulting a financial professional.

S&P 500 earnings are in for 2024 Q2, and here is our valuation analysis.

The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to be in order to have an overvalued P/E of 20 (red line), a fairly valued P/E of 15 (blue line), or an undervalued P/E of 10 (green line). Annotations on the right side of the chart show where the range is projected to be based upon earnings estimates through 2025 Q2.



Historically, price has usually remained below the top of the normal value range (red line); however, since about 1998, it has not been uncommon for price to exceed normal overvalue levels, sometimes by a lot. The market has been mostly overvalued since 1992, and it has not been undervalued since 1984. We could say that this is the “new normal,” except that it isn’t normal by GAAP (Generally Accepted Accounting Principles) standards.

We use GAAP earnings as the basis for our analysis. The table below shows earnings projections through June 2025. Keep in mind that the P/E estimates are calculated based upon the S&P 500 close as of September 30, 2024. They will change daily depending on where the market goes from here. It is notable that the P/E is outside the normal range.

The following table shows where the bands are projected be, based upon earnings estimates through 2025 Q2.

This DecisionPoint chart keeps track of S&P 500 fundamentals, P/E and yield, and it is updated daily — not that you need to watch it that closely, but it is up-to-date when you need it.

CONCLUSION: The market is still very overvalued and the P/E is still well above the normal range. Earnings have ticked up and are projected to trend higher for the next four quarters. Being overvalued doesn’t require an immediate decline to bring valuation back within the normal range, but high valuation applies negative pressure to the market environment.


Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!


(c) Copyright 2024 DecisionPoint.com


Technical Analysis is a windsock, not a crystal ball.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


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Filo (TSX:FIL,OTCQX:FLMMF) shareholders have approved the acquisition of the company by BHP Investments Canada, a subsidiary of BHP (ASX:BHP,LSE:BHP,NYSE:BHP), and Lundin Mining (TSX:LUN,OTC Pink:LUNMF).

The approval, announced on September 26, follows a special meeting of shareholders.

The agreement will see BHP and Lundin Mining form a 50/50 joint venture that will include the Filo del Sol project, owned by Filo, and Lundin Mining’s Josemaria project. Both are located in Argentina near the Chilean border.

“Our copper-gold-silver exploration success at Filo has been unmatched since spinning the company out in 2016, and now is the right moment to hand the project off to its next stewards to maximize the potential of this remarkable discovery,” Filo President and CEO Jamie Beck said in a July press release when the transaction was announced.

The acquisition was overwhelmingly approved by Filo shareholders, with 99.99 percent voting in favor.

The arrangement is subject to various closing conditions, including regulatory approvals and a final order from the Ontario Superior Court of Justice, which is scheduled for October 2. If approved, the deal is expected to close in Q1 2025.

Filo shareholders will receive information on how to exchange their shares through a letter of transmittal, which will be mailed to registered shareholders and made available online.

Under the terms announced in July, BHP and Lundin Mining have agreed to pay Filo shareholders C$33 per share, either in cash or in a combination of cash and Lundin Mining shares. Total cash consideration will be capped at C$2.767 billion, while share consideration will be limited to 92.1 million Lundin Mining shares.

Filo, BHP and Lundin Mining have also entered into a subscription agreement for a private placement, where each purchasing party will subscribe for 3.48 million Filo shares at C$33 each, raising approximately C$115 million.

The integration of Filo del Sol and Josemaria is anticipated to strengthen BHP and Lundin Mining’s positions in the copper-gold sector and expand their operational footprint in Argentina.

The deal also benefits from recently passed Argentina legislation that supports projects entering the development phase.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The Québec-based Port of Montreal, a critical hub for Canadian trade, is facing another labor strike that threatens to disrupt industries reliant on the movement of essential goods.

Longshore workers at the Viau and Maisonneuve Termont terminals initiated a three day strike early on Monday (September 30) morning, halting operations. The terminals handle over 40 percent of the port’s container traffic.

The strike, involving around 350 dockworkers, follows a contract dispute between the Maritime Employers Association (MEA) and the union representing the workers, which is affiliated with the Canadian Union of Public Employees.

One of the main grievances of the striking workers is the issue of unpredictable work schedules, and they have made demands for better conditions and higher wages. The MEA has expressed disappointment over the lack of resolution, which persists despite mediation efforts and an emergency hearing before the Canada Industrial Relations Board.

The work stoppage at the Port of Montreal is expected to continue until Thursday (October 3), but there is no guarantee that further strikes won’t occur if negotiations remain unresolved.

The mining industry in particular is feeling the impact of these disruptions. Montreal serves as a key gateway for the export and import of various minerals, metals and raw materials such as iron ore, nickel and gypsum.

These materials are essential for manufacturing processes and are transported to smelters and refineries in the region.

The current strike marks third job action taken at the port since 2020.

“Canada cannot afford another strike at any port across the country. The federal government should make ports an essential service, so they remain operational at all times. Small businesses and their employees should not be subjected to the uncertainty of strikes and lockouts in the nation’s supply chain infrastructure,” said Jasmin Guenette, vice president national affairs at the Canadian Federation of Independent Business (CFIB).

In 2020, Montreal port workers were on the picket line for 12 days, which impacted 115,000 shipping containers.

At the time, a statement from the Mining Association of Canada (MAC) underscored the impact of the work stoppage and its potential to undermine Canada’s position as a reliable trading partner.

‘Mining is a leading customer at the Port of Montreal. With supply chains already under strain, this stoppage is another hit to the industry’s ability to move vital materials efficiently,’ said Pierre Gratton, the MAC’s president and CEO.

He echoed this sentiment in August when faced with a short-lived rail strike in Canada.

‘Over the last several years, Canada has witnessed an unprecedented level of disruption in its supply chain through labour actions by railway and port workers, the pandemic, and civil disruption in the form of random and sporadic rail blockades,’ he said. ‘The reliability and reputation of Canada’s supply chain continues to deteriorate.’

Gratton further emphasized the importance of a stable supply chain to support industries critical to Canada’s economic recovery and the global shift toward green technologies, such as electric vehicles and renewable energy infrastructure.

In a broader context, uncertainty in Canada’s supply chains may deter investment at a time when the sector needs capital to meet rising global demand for minerals and critical metals. The CFIB notes that the strike’s impact could have ripple effects on small- and medium-sized enterprises that depend on imports and exports moving through the port.

“Small businesses and their employees should not be subjected to the uncertainty of strikes and lockouts in the nation’s supply chain infrastructure,” said Guenette in the CFIB’s statement.

Like the mining industry, many small businesses are pressing the federal government to declare ports an essential service, a move that would keep them operational during labor disputes.

With growing calls for intervention, federal authorities may be prompted to take more decisive action in preventing further economic fallout from labor disruptions at Canadian ports. However, as labor negotiations continue, the mining sector and other industries remain at the mercy of potential delays.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Hydration solutions company The Hydration Pharmaceuticals Company Limited (ASX: HPC) (“Hydralyte US” or “the Company”) refers to its announcement released pre-open on 2 October 2024 regarding entry into an Intellectual Property Sales Agreement (the ‘Agreement’) and related documents with Prestige Consumer Healthcare Inc. and associated subsidiaries.

Hydralyte US is pleased to announce that the Agreement has completed and the sale proceeds of approximately US$9.45m (A$13.7m) have been received.

Click here for the full ASX Release

This post appeared first on investingnews.com

Major miner BHP (ASX:BHP,NYSE:BHP,LSE:BHP) projects that global copper demand will increase by around 70 percent by 2050, driven by growing requirements for the red metal across global industries.

In a recent report, the company says it expects demand to rise from 31 million metric tons annually today to over 50 million metric tons in 2050. The upsurge is attributed to several converging trends: traditional economic growth, the ongoing global energy transition and the expansion of digital infrastructure.

At the same time, a significant supply gap is emerging that could challenge the industry in the coming decades.

New and existing sectors driving copper demand

BHP believes the expected rise in copper demand will fueled by both traditional industries and newer sectors.

Historically, copper demand has been closely linked to economic development and industrialization. As countries industrialize, they require more copper for infrastructure, manufacturing and electrical systems.

The report notes that developed nations have a high per capita copper stock-in-use, while developing economies like China and India are still far behind in this regard, leaving room for growth potential.

In China, for instance, per capita copper stock-in-use is approximately 100 kilograms — roughly half of what is observed in developed nations such as India. As these economies continue to grow, copper demand is seen increasing due to the development of infrastructure, housing and consumer goods that require the metal.

Beyond traditional industrial demand, copper’s role in newer sectors is also expanding rapidly.

The energy transition is one of the most significant growth drivers. Copper is a critical component in renewable energy systems such as wind and solar power, along with electric vehicles (EVs) and battery storage.

As governments and industries worldwide strive to reduce greenhouse gas emissions, demand for copper is expected to increase as the need for clean energy infrastructure rises.

The transportation sector is also seeing an increase in copper usage, particularly due to the growth in EV adoption. EVs require around three times as much copper as traditional internal combustion engine vehicles, and increased demand for EVs is expected to raise copper demand in the transport sector from 11 percent in 2021 to over 20 percent by 2040.

Furthermore, the growing need for digital infrastructure, including data centers and communication systems, is contributing to the overall demand outlook for copper. Data centers, which play a crucial role in cloud computing, artificial intelligence and other digital technologies, require substantial amounts of copper for power and data transmission, with copper use in data centers expected to rise sixfold by 2050.

Supply challenges threaten copper market stability

While demand is projected to grow, BHP says the copper supply chain is facing challenges.

Existing copper mines are aging, and the pipeline of new projects is less robust than in previous years, partly due to the higher costs and stakeholder concerns associated with both brownfield and greenfield projects.

New developments often encounter environmental and community opposition, oftentimes leading to delays or even project cancellations. Meanwhile, existing mines are dealing with declining ore grades. As copper is extracted over time, the concentration of copper in the ore decreases, leading to higher production costs and lower output.

Secondary sources of copper, particularly from recycled materials, are expected to play an increasingly important role in meeting demand. Copper can be recycled from both end-of-life products and manufacturing waste.

However, the availability of scrap copper is limited, and recycling rates remain below potential. In 2021, only 43 percent of available scrap copper was recovered, falling to just 40 percent in 2023.

New copper discoveries needed to feed demand

BHP’s report concludes that the copper market will be shaped by a confluence of factors in the coming decades.

Current copper mines are expected to provide over half of the copper necessary to meet future global demand over the next decade. However, by 2035, output from these mines may drop by around 15 percent compared to current levels due to declining ore grades, requiring substantial upgrades and further investment to sustain production.

In fact, the average grade of mined copper has declined by 40 percent since 1991, meaning more ore must be extracted to produce the same amount of copper. To offset these declines, brownfield projects are expected to play a significant role, contributing up to 30 percent of global copper supply by 2035. Brownfield expansions, which extend the life of existing mines, are attractive due to their lower risk and use of established infrastructure.

Greenfield projects, while offering the potential to tap into large, high-grade copper deposits, face longer lead times, regulatory hurdles and higher costs. In particular, the current pipeline of greenfield projects shows significant delays, with this category expected to contribute around 14 percent of total copper supply by 2035.

However, greenfield projects globally face the challenge of balancing cost and risk, as well as a dramatic slowdown in new finds, with only four major copper discoveries recorded in the past five years.

As the world transitions toward more copper-intensive industries, market participants like BHP will have to innovate and invest heavily to meet burgeoning demand.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Alderan Resources Limited (ASX: AL8) (Alderan or the Company) is pleased to advise that its Stage 1 drilling programme at the New Years copper prospect in the Cactus copper-gold (Cu-Au) district in Utah, USA has intersected high grade copper mineralisation based on visual inspection and pXRF readings on the drill core. Spot pXRF readings reach grades of 45.5% copper between 14.0-14.2m down hole NY2024-DDH2 with the average of three separate readings over this interval being 23.2% copper (see Figure 2). This sits within a 30m interval from 10.8m downhole which contains high pXRF copper grades (see Appendix 3).

HIGHLIGHTS

Two holes intersected high grade copper mineralisation in Alderan’s Stage 1 drilling programme at New Years copper prospect in the Cactus copper-gold district, Utah.Hole NY2024-DDH2 intersected copper mineralisation from 10-40m down hole with averaged pXRF drill core assay intervals up to 23.2% copper. A second 2m zone of mineralisation at 72m downhole has spot pXRF grades up to 28.0% copper.Hole NY2024-DDH3 has intersected visible oxide copper mineralisation from surface to a depth of 99m downhole – pXRF assaying in progress.Copper mineralisation occurs in tourmaline breccia, the same rock that hosts the neighbouring historical Cactus copper-gold deposit which mined 2.0% copper ore.The preliminary logging and pXRF readings suggest that the drill holes may have significantly extended the mineralised zones reported in historical holes NY-6 and NY-2 which intersected 13.7m @ 2.32% Cu within 19.8m @ 1.67% Cu from 22.9m downhole and 10.7m @ 1.52% Cu within 27.4m @ 0.85% Cu from surface respectively.Alderan is now completing permitting for a follow-up drilling programme at New Years.

Cautionary Note: Visual estimates and pXRF readings described in this release and detailed in Appendix 3 should not be considered a proxy or substitute for laboratory analyses. Laboratory assays are required to determine representative grades and mineralisation intervals reported from geological logging and pXRF readings. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Drill core from this programme is being sampled for laboratory analysis at ALS laboratories and results will be reported as soon as they become available.

The Stage 1 drilling at New Years is a three hole (319m) programme aimed at verifying copper mineralisation intersected in historical holes drilled in 1964 and 2002 plus identifying geological controls on mineralisation.1 Stage 2 drilling, which will be dependent on the final Stage 1 results, will focus on extending the mineralisation intersected in Stage 1 and testing geophysical targets. Sampling for lab analysis and detailed geological logging of the holes is still in progress and final design of Stage 2 drill sites is underway. Archaeological inspections required for permitting the proposed Stage 2 drill sites is also underway.

Managing Director of Alderan, Scott Caithness, commented:

“The visual estimates and pXRF spot readings on the core from the second and third holes drilled in the New Years programme are very exciting with both indicating that near surface potentially high grades of copper mineralisation have been intersected. There is also clear evidence that copper rich sulphide mineralisation occurs deeper in the breccia pipe.

“The 30m copper mineralised intersection in Alderan’s hole NY2024-DDH2 from 10m downhole appears to broadly correlate and extend the historical hole NY-6 intersection which was 13.7m @ 2.32% Cu within 19.8m @ 1.67% Cu from 22.9m downhole. Although pXRF assays are not yet available, based on visuals hole NY2024-DDH3 appears to have intersected copper mineralisation to a depth of around 99m from surface – much deeper than historical hole NY-2.

“The Stage 1 drilling programme has been completed with detailed geological logging of the core and sampling for lab analysis now underway. Work has also commenced on final design and permitting for follow-up drilling”

Click here for the full ASX Release

This post appeared first on investingnews.com

A woman with the rare condition of two uteruses delivered twins, one from each womb, last month at a hospital in northwestern China, according to health officials and state media.

The mother, identified only be her last name Li, welcomed a boy and a girl via caesarean section, the Xi’an People’s Hospital in Shaanxi province said, calling it a “one in a million” occurrence.

“It is extremely rare for twins to be conceived naturally in each cavity of the uterus, and even rarer for them to be carried to term,” the hospital said on its official account on China’s X-like social media platform Weibo on September 18.

According to the hospital, the new mother was born with two cervixes and two uteruses, a condition called uterine didelphys found in about 1 in 2,000 women.

Her story has captivated Chinese social media and become a trending topic, with more than 50 million views in recent days, many users sharing messages of awe.

“That’s a miracle!” one user wrote, while another said, “How lucky she is!”. Some expressed concern for the mother, one user writing “this must have been tough and dangerous for her!”

Li’s story appeared to show a happy outcome after facing such circumstances, with the hospital disclosing she had miscarried a previous pregnancy.

But in January, Li became pregnant again and discovered during an early ultrasound that she was expecting not just one child but twins – one in each womb.

After “close and strict” medical monitoring, she “successfully” gave birth to a boy weighing 7 pounds, 19 ounces and a girl weighing 5 pounds, 30 ounces, the hospital said.

This post appeared first on cnn.com

A bus carrying young students and their teachers on a school trip caught fire in suburban Bangkok on Tuesday, leaving more than 20 feared dead, officials and rescuers said.

The bus with 45 passengers, six teachers and 39 elementary and junior high school students, was traveling from the central Uthai Thani province when it caught fire in Pathum Thani province, a northern suburb of Thailand’s capital, Acting Police Commissioner Kitrat Phanphet said.

The fire was first reported around noon and was put out less than an hour later, but rescuers said they could not get on board for hours as the heat inside the natural gas-fueled vehicle could have caused more explosions.

Police were still working to identify the dead but three teachers and 20 students remain unaccounted for, Kitrat said.

The cause of the blaze was not immediately known. Kitrat said the initial investigation indicates a tire had exploded and caused sparks, which ignited a blaze that spread through the bus. He did not elaborate.

No other vehicles were involved, he said.

There were discrepancies in reports on the number of the people aboard the bus. Rescuers cited teachers who survived as saying there were three buses from the school for this trip and that along the way, some students had moved to different buses from the ones they were initially on.

Videos posted on social media showed the entire bus engulfed in a fire with black smoke pouring out of the bus.

Piyalak Thinkaew, a rescuer from the Ruam Katanyu Foundation, told reporters that most of the bodies were found in the middle and back seats, leading them to assume the victims had moved back and that the fire had started at the front of the bus.

The police were looking for the driver who appeared to have fled the scene, Kitrat said, adding that the bus company and individuals involved may be charged if they are found responsible.

“Such an incident causes a great sorrow and grief,” he told reporters at a news conference.

“There is no way we will distort the fact or help anyone” escape justice, Kitrat said. He added that 16 students had been treated for minor injuries and later sent home while three others were hospitalized.

The nearby patRangsit Hospital said three girls were initially treated there, one with burns to the face, mouth and eyes. Surgeon Anocha Takham said the doctors would do their best to save the girl, who is around 7, from losing her sight.

The girls were later moved to other hospitals for further treatment.

Kitrat said a teacher who survived told police the fire had spread so quickly she didn’t even have the time to grab her mobile phone. Some on board managed to escape through the door while others jumped out through the windows.

Prime Minister Paetongtarn Shinawatra offered her condolences in a post on the social media platform X, promising the government would cover medical expenses and help the victims’ families. She later visited the injured in the hospital.

When reporters asked her about the fire at the Government House, Paetongtarn was overcome by emotion and burst into tears. She became prime minister in August and is the mother of two children.

The accident has prompted criticisms over the safety of children traveling long hours across provinces on roads notorious for their high rates of traffic accidents and deaths.

The World Health Organization estimates that every year, 20,000 people are killed and a million are injured in road accidents in Thailand.

This post appeared first on cnn.com