If it is on the balancer, 99% chance the water pump is leaking and it's running down onto the harmonic balancer. The balancer has nothing to do with coolant.
Under the water pump, there is a weep hole that coolant will leak from if the pump bearing or seal is bad. Check there for evidence of a leak.
Let me know what you find.
Sunday, November 1st, 2009 AT 11:53 AM