I have been seeing the same thing here in Seattle, WA. It is in the same spot almost every night, for a few hours, and then is gone. It is a very bright yellow, slightly lite orange light, 3x bigger than any star. Also, I have been seeing those very bright star looking lights, that licker violently from blue and red colors. They look very far away but at the same time you can clearly see the changing colors from blue to red, and the flicker like a light source. There is a channel on YouTube of this guy who has been making recent videos of these same lights, but hes claiming they are lightships and the that the "great awakening" is happening. I would love to believe this. Here is the channel for anyone interested.
http://www.youtube.com/user/buddhichrist