3D Shiney Gold Text

For this tutorial, you'll need to download the satin_gold.jpg. To do so, right click on the image to the right and choose "save image as" from the drop down list.

Open a new window, 200 x 100, 16 million colors, white background.

Add text using white as the foreground color. (Click on the A on the Tool Palette. Put a check in the anti-alias and floating check boxes in the text dialog box. If it's not open, open satin_gold.jpg that you just downloaded.

Using the Clone Brush, right click on an area of high contrast on satin_gold.jpg. (I used the ripple to the left side of the image).
Clone Brush Settings:

Clone Mode: Non-aligned
Paper Texture: None

Have the brush tip large enough to cover most of one letter in your text.

Using the Clone Brush, color in one letter at a time, making sure to get a bit of the highlighted area on each letter. Selection | Modify | Feather
Number of Pixels: 3

Set the Color Palette background color to R-200, G-190, B-142
Add a Cutout effect.
Cutout Settings:

Fill Interior with Color: unchecked
Shadow Color: background
Opacity: 100
Blur: 2.2
Vertical: 3
Horizontal: 3

Add a Hot Wax Coating. Make sure the foreground color is still set to white. If your image is a little dark, (probably will be), use Color | Adjust | Brightness/Contrast to lighten it some.
Settings:

Brightness: 26
Contrast: 56

Add Drop Shadow for a finishing touch.

Change to greyscale for a shiney chrome. Or, if you need a transparent background, you can get the same shiney chrome effect by setting the sliders in the Colorize dialog box to 0 (zero).