pcv/crankcase ventilation issue and/or bad head gasket. UPDATE!!!

pcv/crankcase ventilation issue and/or bad head gasket.

Dont mean to keep bugging you guys but ive got another problem..... I took the stang to the store this morning, i get down the road with not a car in sight. So i run it up about 5k rpms in 2nd and and shift to 3rd. I look in my mirror and theres nothing but white smoke everywhere. The temp shoots up to the red line and drops down to about the 240-250 range and drops a little more by the time i get to the house. I let it cool off and check the antifreeze and there nothing in the radiator(checked it last night and it was full)

I hop on here and do a quick search thinking i might have a blown head gasket or bad intake gasket which i still think i have done. I run across vristang's post saying it could be a possible pcv/crankcase ventilation issue if there is oil in the throttle body. I go out to check that and sure enough theres oil running out of the hose that attaches to the throttle body. I know this would cause smoke but wouldnt cause the loss of coolant.( i think) So my question is, does this sound like i have a blown head gasket? Car runs fine, no power loss or driveability issues. Also, how do i fix the pcv/crankcase ventilation issue? Thanks in advance.

The oil was in the tube that runs from the valve cover to the throttle body. I dont remember if the baffle was in place or not. The pvc, grommet and screen are new. We replaced them when the new engine went in about a month ago.
The heads are coming off for a set of p heads, so i guess ill find out then if there blown or not. I dont drive the car much ( 50 miles since putting the new to me engine in), so it will prolly set till i get the heads.

I think i might have found my problem, but i wanted to check with you all to see if im correct before i waste money (lol). i pulled the upper intake just a few minutes ago, and when i took off the egr spacer from the upper, a bunch of water came out. So then i pulled the pcv valve and it its full of milky oil. Then i checked the lower intake bolts and they were not tight at all(you could put a socket and ratchet on em and turn them with little force)

So with the lower being loose, it would let water into the lifter valley correct? Thats why the pvc has the milky oil in it, or am i way off? Also the cause of my water loss. There isn't any under the valve cover(pulled it to) So if this is the problem what would i need to do? re-torque the lower, drain the oil and run fresh oil through it and re-drain again? Or do i need to buy new lower gaskets too>? Thanks in advance.

The grommet was full of it, and when i got the upper off, i flipped it over and it was wet inside. Also the vacuum line that runs to the vacuum tree had some in it as well.