This is an easy way to get metal or glass text effect using only PSP resources

1. Create a new file 16,7 million colors (For this example I choosed 400 x 200 size and
transparent background in order to experiment later with different textures and gradient combinings
as background color).

2. Decide foreground text color. I used for this example golden looking color
Red 225; Green 228 and Blue 0.

3. Use text tool (Tahoma black size 72), antialias checked. You will get something like this.

4. Hit Image/Effects/Cutout

5. Hit Image/Other/Hot Wax Coating. Repeat this step until you get a smooth color line
in the center of each character. (Bigger types require more wax coating than thinner).
At this time your design should look something like this.

6. Hit Colors/Adjust/Hue/Saturation/Lightness setting lightness to 100. Repeat this step till you get
the look you're looking for. (If you want a glass look, just keep on increasing lightness).

That's it.

7. Now you can add drop shadows, different backgrounds, textures...
or whatever you like.
For Instance: