It's definitely glue and similar to what was found in a previous NAD amplifier repair.
This amp has an A/C hum that varies in amplitude depending upon on how close I bring my hand closer to the chassis

, and that's with the "A" speakers on and it doesn't matter if Tuner, Aux, Tape, etc. is selected. If Phono is selected, the noise gets louder and even more so if moving-coil is selected. The volume is at the middle and the balance control can move the noise more towards each channel but the Left side seems to never lose it.
With my DMM connected to the speakers terminals and set to AC volts, the voltage starts at ~30mV and goes as high as 140mV the closer I bring my hand to the chassis. When I touch the chassis, the voltage reading drops to around 2-3mV

On the Phono MC/MM Amp board are several other capacitors glued down with a few discolored resistors buried too. I'm going to clean and re-cap this area first and then do sound tests again. I'll know when I find the problem since it's easily heard through the speakers

This amp has probably had a very interesting past!
The schematics available online are chopped up and voltages can't be read since they were printed so lightly on the drawings.
A good switch cleaning will be done too

Here's a shot of the ripple riding on the two original 12,000uf filter capacitors. ~48mV on one and ~40mV on the other:
