Large, orangey colored sphere rose slowly from behind trees in the distance and traveled silently across the sky.

This happened when i was a kid-(im almost 35 now.)  I know i was around 13 or 14, and my little brother and his friend,who was spending the nite, (both around 10 at that time)-were outside after dark, probably around 8ish or so one nite during the summer. 
We lived in rural Suffolk, and on a long dirt road.  Our house was surrounded by some open fields, and after those were lots of woods.  So, we were out there goofing off, and one of us notices this bright, orangey colored ball of light rising off in the distance.  I cant say for certain, but im certain this light was at least several miles away from us.  But this 'ball' still looked huge.  It just rose slowly, straight upwards--not sideways, not at an angle, but straight up in the sky.  This color was orangy, but could be described as an orangy-yellowish color too.  It was very bright, and VERY noticeable.  It was like watching the sun rise, except you could look at it, or like how a basketball might look big in the sky if you could float it at a distance in the air of around 2 or 3 storys high--That's how large it looked, even though it was obviously at a distance of several miles away from us.
I do not recall if it pulsated or anything like that--im pretty certain that it did not, but i know that the color never changed, nor did the shape change at all.  The boys ran inside to get my folks.  My mom came out figuring it was probably an airplane or something.  However, she was just as puzzled, excited, and scared of this as we were.  She had no clue what it could be.
We realized that the object was not rising any longer.  It was moving horizontally now, and towards us somewhat.  It was moving at a VERY slow, non-hurried speed.  When we realized it was moving towards us, my mom sent my brother in to get our dad.  The object was travelling more sideways than towards us.  It got closer, but not much.  We just stood there, watching it as it slooooowly made it way across the nite sky in front of us.  We could hear nothing at all! 
After a minute or so of trying to convince our dad no one was pullin his leg, he came out like mom did at first--expecting to see an airplane or helicopter.  Instead, he caught a quick site of it as it finally disappeared over the tops of trees in the distance and we could no longer see it.  He TOO was mystifyied as to what it was. 
I have never to this day seen anything that even remotely resembles it.
Witness indicates that the date of the incident is approximate.  PD