I had just walked out onto the front porch when I saw a object hovering over the powerlines approximately 1 mile away. At first I thought it was a hot air balloon. I ran into the house and grabbed my binoculars and I watched it float in mid air. It looked the shape of a garbage can. I observed this for several minutes when it travelled from above the powerline heading east. I watched this move from clouds behind it to blue skys. it moved east for several minutes , when as if a hole opened up in the sky and it started to disappear from right to left. It took about 10 to 15 seconds and it was gone. I observed this with my binoculars. the total distance it travelled was less than a mile before it disappeared.