Help! Small block 360 has a knocking sound

lol, when I made my username i must have been loopy or something. Anyways I agree with you, I was thinking that it sounded like valve train noise. Sorry about the quality of the video, its all I got. The sound itself seems to be coming from the rear center of the engine. You can hear the knock on either side of the motor.
Does it seem to be more on top of the engine? or more down deep in the engine??