Piston slap?

Hello all, my 95 GT with 127K on the clock has me a little worried. On the first start of the day it will knock for about 2 seconds and the knock will be gone just like someone flipped a switch. The engine runs strong and feels very healthy. I am running Castrol GTX 10w-30 and a Motorcraft FL1-A filter, any thoughts?
 
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Thanks guys, the car runs awesome with no smoke whatsoever and it doesn't do it on every cold start. It is kind of a random thing, one thing you can count on is that if it does give up the ghost it will have a nicely built replacement going in:D