Based on your description, I would guess you have an exhaust manifold leak. If you only hear it when the engine has cooled, my guess is that is when it leaks. As the engine warms, the metal expands and the leak goes away.
Other than that, it could be a lifter or low oil pressure. Is the engine oil clean and full?
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Tuesday, November 25th, 2014 AT 5:16 AM