Ah, that's pretty nice actually. As for colors, I was thinking of like metalic silver for the letters, and the chain/hook, and a deep dark blue for the literal hookshot, ala Ocarina of Time's hookshot.
Btw, I like what you did with the handle there.
Thanks, I thought the handle would help the illusion of a hookshot come forth more.
Ok so here are the colors as you described them.
But from a design standard there just seemed to me to be too much silver, so I added the target effect on "shot" again.
You choose what you like though.
I think I might look at making it more like this, but for now I am sleepy.
Besides the color was there anything else you thought it might need?
Heres my go at it, lol I'm not to good, as you know Faldy .
It is a nice try, but I think you would do much better with a photoshop tutorial on using layer mask for coloring. Unless the painted look was what you where going for. Also never save as a .jpg it makes your image look pixelated .png or .gif are much better.