getting error when running rake db:create

[pdagrawal]

rake aborted!
LoadError: cannot load such file -- guard/guard
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/activesupport-3.2.12/lib/active_support/dependencies.rb:251:in require' /Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/activesupport-3.2.12/lib/active_support/dependencies.rb:251:in block in require'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/activesupport-3.2.12/lib/active_support/dependencies.rb:236:in load_dependency' /Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/activesupport-3.2.12/lib/active_support/dependencies.rb:251:in require'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/guard-migrate-1.0.4/lib/guard/migrate.rb:2:in <top (required)>' /Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/bundler-1.16.0/lib/bundler/runtime.rb:95:in require'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/bundler-1.16.0/lib/bundler/runtime.rb:95:in rescue in block in require' /Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/bundler-1.16.0/lib/bundler/runtime.rb:72:in block in require'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/bundler-1.16.0/lib/bundler/runtime.rb:65:in each' /Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/bundler-1.16.0/lib/bundler/runtime.rb:65:in require'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/bundler-1.16.0/lib/bundler.rb:114:in require' /Users/macbookpro06/Desktop/projects/pradeep/ashley/oohmpv2/config/application.rb:7:in <top (required)>'
/Users/macbookpro06/Desktop/projects/pradeep/ashley/oohmpv2/Rakefile:5:in require' /Users/macbookpro06/Desktop/projects/pradeep/ashley/oohmpv2/Rakefile:5:in <top (required)>'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/gems/rake-12.3.0/exe/rake:27:in <top (required)>' /Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/bin/ruby_executable_hooks:15:in eval'
/Users/macbookpro06/.rvm/gems/ruby-2.0.0-p247@oohmp-v2/bin/ruby_executable_hooks:15:in `

'
(See full trace by running task with --trace)

This is full log of the error. Please help me out here.
I am using mac
ruby 2.0.0p247
Rails 3.2.12
Guard version 2.14.1