Bronze cigar-shaped object that floated silently above us.

I was staying at a youth hostile when I heard people shouting outside and ran out to find about 20 people nervously pointing up at this bronze cigar-shaped object hovering silently right above us. 
The thing that sticks out in my mind the most is the almost frantic attempt by all present to explain in rational terms what it was we were seeing. 
We exhausted every logical explaination until we all fell silent and watched this object float silently towards Sharm-al-shek in the south.
The date of the event may be approximate, although the witness does not indicate that fact.  Given that it was New Years Day, according to his report, he may remember the date exactly correctly.  PD