the object just hovered very close to me with no sound silver and red like a plane with no wings

I observed this object as I left home on foot to go to school, the object was about75 yards ahead of me it was hovering over a railway track about 20 feet, it had the shape of say an airplane but with no wings and it moved tail first, it was silver in colour only the top the bottom half was red. I stood and watched it for a minute or so then i went in the house to tel my mother and when i came back out it moved away out of sight. I would say the object was about 30 footlong and about 8-10 feet deep, ireally dont know what else to say and don't know if this shape or color is of any interest but i still cant explain after all these years
We suspect the witness uses the European-style date.  Hence, the indicated date of the incident is November 10, 1967, not October 11, 1967.  Date is approximate, in any event.  We have altered the date here.  PD