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Join Date: Aug 2007
Location: Northampton, MA
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Bikes: Iron Monkey: a junkyard steel 26" slick-tired city bike. Grey Fox: A Trek 7x00 frame, painted, with everything built, from spokes up. Jet Jaguar: A 92 Cannondale R900 frame, powder coated matte black with red and aluminum highlights.
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Yeah, this sounds to me like a road crud or corrosion issue. Fill the sucker with a light oil and exercise it manually to break up the gunk and get the oil into the moving parts.