A tool pouch for holding nails, fasteners and other items has a front section and a back section forming a pocket defining an open cavity. A magnetic assembly is attached to the pocket front section, and a second magnetic assembly is attached to the pocket back section. The magnetic assemblies are aligned such that the first magnetic assembly repels the second magnetic assembly. The positioning and the magnetic strength of the first and second magnetic assemblies are sufficient to bias the opening of the first pocket toward an open position.