1. Begin with a new file, 450x50 and with #8B8B8B as your background color. Then create a new layer, now take the Rectangular Marquee Tool and draw out a rectangle, fill the rectangle with white.
2. Then head over to the layers palette and right click on layer 1, choose Blending Options and then apply this settings.
And now should it look something like this.
3. Now duplicate layer 1, to do that just right click on the layer and choose Duplicate Layer. Then take the Elliptical Marquee Tool and draw out a shape similar to the one below ( Image 1 ), then press delete.
Then add some text and maybe some inset lines and that's it your done! This is what I came up with.
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