Adding to palladin's comments... You pretty much have to remove the steering wheel and the two trim pieces that cover the switches on the steering wheel column in order to remove the combination gauge (containing the speedometer). If your '79's like mine, it's actually quite easy (I've done it so many times, I've committed the process to memory):
1) Disconnect battery ground cable
2) Remove the two phillips head screws and lower dash cover on the driver's side and disconnect the two footwell lamp wires and two vent vacuum hoses (they outta be different lengths, so you should be able to pull them off without getting them confused).
3) Pull off the rubber horn pad from the steering wheel.
4) Using a 22mm socket, remove the nut and locking washer in the center of the steering wheel and remove the steering wheel (in theory, you should use a steering wheel puller, but I've only ever needed to give it a few moderate (not hard!) bumps with the heels of the palms of my hands to loosen it for removal).
5) Pull out the metal surround that fits around the key slot.
6) Remove the five or six (the body shop lost my originals, so I'm not positive of the exact number/type of screws) on the bottom of the lower plastic trim piece that covers the steering wheel stalks (turn signal, wiper, etc.) and lift off both covers--one above and one below the steering column.
7) Loosen the phillips head screw at the lower right side of the white nylon combination switch housing so you can slide the switches off the steering wheel column.
8) Remove two phillips head screws in the top of the combination gauge trim and two (larger) phillips head screws at the bottom--one on each side of the steering column.
9) The speedometer cable is actually two separate cables, which screw together on the interior side of the firewall. You'll probably have to unscrew/separate them before you'll be able to slide the combination gauge cluster out. Just make note of how the short section of the speedometer cable routes through the back of the dash as it can be confusing to re-route if you didn't see how it came out.
10) In addition to the speedometer cable, which unscrews from the rear of the speedometer cover, the combination gauge has two other wire harnesses that you'll need to disconnect before you'll be able to slide the combination gauge completely out. Both just press onto pins on the rear of the combination gauge, but since you'll only have a couple of inches of clearance it takes a bit of finagling to reattach them.
This is all covered in the service manual and I agree with heroe's diagnosis. It sounds like something's out of alignment. On the other hand, if the speedometer cable's are dry, that can cause the speedo needle to jump around. That being the case, just slide out the internal wire from the speedometer cable, grease it and reassemble.
Good luck.