ok, heres my 2 cents...

the compression of the engine is sealed by the head gasket, but if that gasket goes, the pressure of combustion (2000+ Lbs/inch) will not be held by the gasket, and the heat/pressure from combustion will leak into the cooling system, and that will make the coolant come squirting out of the radiator, cust thats the outlet for all that pressure. Thats probably why you were empty on coolant. Now the reason it's milky and oily or whatever is from the by-products of combustion going in and reacting with the coolant. Your oil is also probably milky too, but IT MIGHT LOOK NORMAL TOO, the leak is probably enough for combustion pressure to get out, but not enough for coolant to seep in. I would take the head off and have it checked out by a shop for cracks, and if it's ok, put a new gasket in.

 

Told you it was the head gasket.[img]i/expressions/face-icon-small-smile.gif[/img]

 

I know its been covered, but thats a head gasket!
Same thing happened to me!

 

Yup it sure was. It no longer overheats or leaks oil... I have another question. Does anyone know the wattage of the stock headlight on this thing? I recently hooked up some 55w fog lights on it and they work fine but I just need to know if this is drawing too much power from the stator. Thanks for all the help!