Chrome Text

Create a new image (mine is 300x300) with a gray background (#64635C).

Use the type tool to create your text and make it big so it fit the canvas. Im using Times New Roman.

Now rasterize the text layer (Layer>Type>Rasterize or right click on the text layer in the layer pallete and select rasterize).

Ctrl + Click on the text later to create a selection around the text.

Go to the channel pallete and create a new channel.

On the new channel, fill the selection with white then deselect (CTRL + D). Then go to filter > Blur > Guassian Blur and use raduis = 10

Then apply the Guassian Blur again, this time, use raduis = 5

Apply Guassian Blur again and this time use raduis = 3. One more time, and use raduis = 1

Now go back to the layers pallete and select the type's layer.

Now with the type layer selected, go to Filter > Render > Lighting Effects and use the following settings : CLICK TO VIEW

Now go to image>Adjustments>Curves and use the following settings: CLICK TO VIEW

Now apply the Lighting effects again (Filter > Render > Lighting Effects) and use the following settings: CLICK TO VIEW

That's it, now if you want, you can apply the following drop shadow and stroke settings, this is how I came to the result you see to the left. DROP SHADOW and STROKE