This spot for grinding (killing mobs and selling the loot) can be done with either the Horde or Alliance (unlike yesterday’s gold guide for Horde only). The net worth of all the loot dropped after one hour was about 3000 gold.
While it’s recommend to be at least level 90 and having skinning, it can be done at lower levels, but in turn the gold per hour (GPH) will be less. Being a rogue or a plate wearing character (DK, Pala or Warrior) may slightly increase the GPH.
So what will you do? Kill the mobs listed below, skin them, go to a vendor to sell junk, go to AH sell your blues and purples/trade items. There’s your profit.