This can create a pretty cool black metal/chrome effect for text.

Step 1

Create a new image, and add text to it. I used a render my friend made for the background. Double click the text layer, select drop shadow, and use the above settings. Select inner shadow and use the default settings.

Step 2

Select Bevel and Emboss, and use the above settings on your current text layer.

Step 3

Select satin and use the above settings on your current text layer.

Step 4

Select Gradient Overlay and use the above settings on your current text layer.

Step 5

Select stroke and add a 1x outside stroke by using the above settings.

Final Product

Not bad, to create a cool dark chrome/metal text!