Cooling issue, but this time it's to cold...

I though about the condensation thing, I checked it cold today and your right, the grey is not in the oil, the oil is clean, the grey wiped of the dipstick above the oil line. I was thinking that from past experience it would look more like sludge, this looks more liike the fine grey matter that would come from a bearing. However with the engine being so new it may not have had time to turm to sludge. Also as I checked it cold today this was after I had checked it before and it hasn't been run in between, so the grey I wiped off the dipstick was not there and just clean oil on the dipstick. I pushed your Thanks button.