Simplest Ray Trace Chrome

Hit the standard button in the Material Map browser and pick Raytrace

Make diffuse = black

See specular and glossy settings below

Put some image to reflect in the environment slot, if there is nothing in the scene to reflect.

Turn on supersampling

Put a falloff in the reflect slot

Falloff settings – select Fresnel and make the top color a very light gray

Bonus: Studio setup for fun:

Throw a spotlight with shadows on the model:

Matte shadow on a plane beneath the teapot to cast a transparent shadow:

Environment background, a gradient ramp with noise: