Reviving this thread by way of confirming it:
I purchased a box of Black Hills 124 gr 9mm+P JHPs the other day -- a preferred defense load for my CZ 75B. It's clear on visual inspection that, for the first time, the rounds are tipped with Hornady XTPs rather than Speer Gold Dot bullets.
In a 9mm+P moving at about 1200 fps muzzle velocity, I don't have a problem with the XTP. It should deliver good penetration and reliable, if controlled, expansion at that speed.
XTPs also tend to be accurate. I already got fine accuracy with Black Hills's Gold Dot-tipped 9mm+P loadings, so I expect equal or better from the new Hornady-tipped version.
But for slower rounds, such as Black Hills's previously excellent 125 gr .38 Special+P JHP, the loss of the Gold Dot bullets may seriously decrease the attractiveness of the Black Hills ammo for defense. The XTP is a fine bullet but only at sufficient velocity.
Let's be blunt: Black Hills was making better ammo than Speer, using CCI/Speer's own components to create smarter, higher performing defense loads (the Black Hills 115 gr JHP+P, a 1320+ fps round, tops anything offered by Speer), with equal or superior quality of manufacture, for less money. I think for ammo at medium to high price points, Black Hills offers perhaps the most consistent quality line anywhere.
Business is business, but if I'm right about Speer's motives, it's a pity they couldn't deal with the situation in a different way: by stepping up their own (already strong) product line to Black Hills's level of consistent quality.
If I'm wrong, and the decision to restrict the availability of Gold Dot components to commercial customers was instead a matter of simple scarcity forced on CCI/Speer by the war effort, then I retract my criticisms above. Can't blame 'em for that.