What am I doing wrong?? Timing cover/post cam install

Do ya have a shop manual? For the record, what year model is the car/ engine?

"Liberal amount" may be your problem, and what exactly are you using for sealer? Some sealers, when applied too heavy, can actually act as a LUBRICANT. (Permatex is a brand name, like General Motors, and does NOT tell us what you are using)

I use Permatex "the red stuff" forgot the exact name, EDIT either "high tack" or "Super 300" It's RED. It's more of a contact cement. Put A LITTLE on the cover and gasket, with the bolts in place, and glue the gasket to the cover. Put a little on the other side of the gasket and the engine, allow to get tacky, and install the cover. After tightening down, see below.......

Also, in your situation, I would NOT use either the front pan gasket, nor would I use either the front or rear intake gaskets. After installing the cover, use a BIG bead of silicone to seal the cover to the pan, after getting both ABSOLUTELY clean!!!

Same deal on the front/ rear gaskets for the intake. Don't use em............lay a big bead of silicone, and smooth it with your finger or a rag/ towel after snugging down the intake. INSPECT these beads with a flashlight and mirror to be sure they are sealed. Let the engine sit a day if you can, to cure.

X2...my only departure from the above is that I do use a very sparing amount of Ultra Black Permatex to hold water pump gaskets in place during assembly as opposed to the high tack...I have used high tack and shellac compounds before and they work well...I just usually don't have them around, but I always have at least a tube of Ultra Black in the garage.